Stock Rating Downgrade
The Value Trend Rating for BlueLinx Holdings Inc (NYSE: BXC) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/8/24, BlueLinx Holdings Inc (NYSE: BXC) stock declined slightly by -0.1%, closing at $122.26. However, trading volume in this decline was below average at 77% of normal. Relative to the market the stock has been weak over the last nine months but has risen 11.7% 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 inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. BlueLinx Holdings has a neutral Appreciation Score of 58 but a poor Power Rating of 19, and the Negative Value Trend Rating results.
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