There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on BMC Stock Holdings (BMCH) and Insteel Industries (IIIN) with bullish sentiments.
BMC Stock Holdings (BMCH)
Stephens analyst Trey Grooms reiterated a Buy rating on BMC Stock Holdings today and set a price target of $22.00. The company’s shares closed last Tuesday at $19.42.
According to TipRanks.com, Grooms is a 1-star analyst with an average return of -3.1% and a 40.2% success rate. Grooms covers the Industrial Goods sector, focusing on stocks such as Masonite International, Builders Firstsource, and Trex Company.
Currently, the analyst consensus on BMC Stock Holdings is a Moderate Buy with an average price target of $25.00, implying a 25.4% upside from current levels. In a report issued on April 7, RBC Capital also maintained a Buy rating on the stock with a $22.00 price target.
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Insteel Industries (IIIN)
In a report released today, Julio Romero from Sidoti maintained a Buy rating on Insteel Industries, with a price target of $19.00. The company’s shares closed last Monday at $15.44.
According to TipRanks.com, Romero is a 3-star analyst with an average return of 4.4% and a 43.8% success rate. Romero covers the Industrial Goods sector, focusing on stocks such as Gibraltar Industries, American Woodmark, and Encore Wire.
Insteel Industries has an analyst consensus of Moderate Buy.
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