Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Boise Cascade Co (NYSE: BCC) weakened in the last week. BCC’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Boise Cascade Co (NYSE: BCC) stock closed at $127.11 on 8/9/24 after a slight gain of 0.2%. However, below average trading volume at 78% of normal accompanied the advance. The stock has declined -4.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BCC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Boise Cascade has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Boise Cascade has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 61, leading to the High Neutral Value Trend Rating.
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