BlueLinx Holdings Inc (NYSE: BXC) stock enjoyed a major increase of 12.3% on 7/16/24. The shares closed at $111.52. Moreover, this advance was accompanied by exceptionally high trading volume at 201% of normal. The stock has been strong relative to the market over the last nine months and has risen 21.0% during the last week.
Current PriceTarget Research Rating
BXC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
BlueLinx Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. BlueLinx Holdings has a good Power Rating of 70 and a good Appreciation Score of 75, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment