BMC Stock Holdings (BMCH) was Downgraded to a Hold Rating at SunTrust Robinson


In a report released today, Keith Hughes from SunTrust Robinson downgraded BMC Stock Holdings (BMCH) to Hold. The company’s shares closed yesterday at $16.47.

According to TipRanks.com, Hughes is a 4-star analyst with an average return of 10.1% and a 54.5% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Armstrong Flooring Inc.

BMC Stock Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $20.43, representing a 24.0% upside. In a report issued on January 11, Credit Suisse also initiated coverage with a Hold rating on the stock with a $18 price target.

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Based on BMC Stock Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $35.86 million. In comparison, last year the company had a net profit of $17.64 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BMC Stock Holdings, Inc. is a providers of diversified building products and services in the U.S. residential construction market. Its products include lumber and lumber sheet goods and an array of value-added products, including millwork, doors, windows and structural components such as engineered wood products, floor and roof trusses and wall panels.

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