Trade Report: The Boise Cascade L.L.C. (BCC) Lowered by Goldman Sachs Group Inc.

The Boise Cascade L.L.C. (BCC) Lowered by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered shares of Boise Cascade L.L.C. (NYSE:BCC) from a buy rating to a neutral rating in a research report released on Tuesday. They currently have $25.00 price objective on the stock.

BCC has been the subject of a number of other reports. Bank of America Corp. lowered shares of Boise Cascade L.L.C. from a buy rating to a neutral rating and set a $23.00 target price for the company. in a research note on Friday, July 1st. They noted that the move was a valuation call. BMO Capital Markets lowered shares of Boise Cascade L.L.C. from an outperform rating to a market perform rating and set a $30.00 target price for the company. in a research note on Monday, August 8th. Zacks Investment Research lowered shares of Boise Cascade L.L.C. from a hold rating to a sell rating in a research note on Wednesday, October 5th. Finally, TheStreet lowered shares of Boise Cascade L.L.C. from a buy rating to a hold rating in a research note on Friday, September 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Boise Cascade L.L.C. has a consensus rating of Hold and an average price target of $27.50.

Boise Cascade L.L.C. (NYSE:BCC) opened at 18.81 on Tuesday. The stock has a 50 day moving average price of $24.06 and a 200-day moving average price of $23.83. Boise Cascade L.L.C. has a 1-year low of $13.80 and a 1-year high of $31.85. The company has a market capitalization of $728.89 million, a price-to-earnings ratio of 20.01 and a beta of 1.84.

Boise Cascade L.L.C. (NYSE:BCC) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.31. Boise Cascade L.L.C. had a net margin of 0.94% and a return on equity of 8.10%. The firm earned $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm earned $0.56 EPS. Boise Cascade L.L.C.’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts predict that Boise Cascade L.L.C. will post $1.10 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of BCC. Adage Capital Partners GP L.L.C. increased its position in Boise Cascade L.L.C. by 24.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,500,000 shares of the company’s stock worth $31,080,000 after buying an additional 299,000 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in Boise Cascade L.L.C. by 60.8% in the second quarter. Frontier Capital Management Co. LLC now owns 2,060,764 shares of the company’s stock worth $47,295,000 after buying an additional 778,948 shares in the last quarter. BlackRock Fund Advisors increased its position in Boise Cascade L.L.C. by 0.4% in the first quarter. BlackRock Fund Advisors now owns 2,489,332 shares of the company’s stock worth $51,579,000 after buying an additional 9,637 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Boise Cascade L.L.C. by 82.8% in the first quarter. TIAA CREF Investment Management LLC now owns 249,999 shares of the company’s stock worth $5,180,000 after buying an additional 113,240 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in Boise Cascade L.L.C. during the first quarter worth approximately $106,000. Institutional investors own 94.01% of the company’s stock.

About Boise Cascade L.L.C.

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