Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for BlueLinx Holdings Inc (NYSE: BXC) weakened during the last several trading days. BXC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 9/20/24, BlueLinx Holdings Inc (NYSE: BXC) stock declined by -2.4%, closing at $107.80. Moreover, trading volume in this decline was unusually high at 180% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.5% 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 D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. BlueLinx Holdings has a slightly positive Appreciation Score of 63 but a poor Power Rating of 21, with the Negative Value Trend Rating the result.
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