Exceptional negative changes in fundamentals have recently occurred for BlueLinx Holdings Inc (NYSE: BXC): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2023 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BXC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BlueLinx Holdings has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. BlueLinx Holdings has a slightly positive Power Rating of 68 and a very high Appreciation Score of 87, and the Highest Value Trend Rating results.
Recent Price Action
On 11/6/23, BlueLinx Holdings Inc (NYSE: BXC) stock suffered a large decline of -2.8%, closing at $77.99. The stock has been strong relative to the market over the last nine months and has risen 12.5% during the last week.
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