BMC Stock Holdings was Downgraded to a Hold Rating at Robert W. Baird


Robert W. Baird analyst David Manthey downgraded BMC Stock Holdings (NASDAQ: BMCH) to Hold today. The company’s shares closed yesterday at $21.05.

According to TipRanks.com, Manthey is a 4-star analyst with an average return of 11.7% and a 69.4% success rate. Manthey covers the Services sector, focusing on stocks such as Anixter International Inc, SiteOne Landscape Supply, and Beacon Roofing Supply.

Currently, the analyst consensus on BMC Stock Holdings is a Moderate Buy with an average price target of $23.67, which is a 12.4% upside from current levels. In a report issued on June 28, MKM Partners also initiated coverage with a Hold rating on the stock with a $23 price target.

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The company has a one-year high of $25.70 and a one-year low of $17.10. Currently, BMC Stock Holdings has an average volume of 414.7K.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative 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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