Is BMC Stock Holdings (BMCH) a Buy or a Sell? What Does Goldman Sachs Think?

October 2, 2018 - By Adrian Mccoy

Why Has Goldman Sachs Given BMC Stock Holdings (BMCH) a $21.0 Price Target

Goldman Sachs has just issued a Neutral rating for BMC Stock Holdings (BMCH) shares. The firm began coverage on shares of BMCH in a research report revealed on Tuesday morning. This TP indicates downside of -2.10 % from the last stock price of BMC Stock Holdings (BMCH).

BMC Stock Holdings, Inc. (NASDAQ:BMCH) Ratings Coverage

Among 6 analysts covering BMC Stock Holdings (BMCH), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. BMC Stock Holdings has $27 highest and $22 lowest target. $24.80’s average target is 35.37% above currents $18.32 stock price. BMC Stock Holdings had 6 analyst reports since June 28, 2018 according to SRatingsIntel. The rating was maintained by FBR Capital with “Neutral” on Tuesday, July 31. On Tuesday, July 3 the stock rating was downgraded by Robert W. Baird to “Neutral”.

The stock increased 0.16% or $0.03 during the last trading session, reaching $18.32. About 443,360 shares traded or 18.52% up from the average. BMC Stock Holdings, Inc. (BMCH) has risen 7.11% since October 2, 2017 and is uptrending. It has underperformed by 8.51% the S&P500.

Analysts await BMC Stock Holdings, Inc. (NASDAQ:BMCH) to report earnings on November, 5. They expect $0.46 EPS, up 35.29 % or $0.12 from last year’s $0.34 per share. BMCH’s profit will be $30.96M for 9.96 P/E if the $0.46 EPS becomes a reality. After $0.64 actual EPS reported by BMC Stock Holdings, Inc. for the previous quarter, Wall Street now forecasts -28.13 % negative EPS growth.

BMC Stock Holdings, Inc. operates as lumber and building materials distributor and solutions well-known provider in the United States. The company has market cap of $1.23 billion. The Company’s primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, windows and doors comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry, among other products. It has a 13.57 P/E ratio. The firm also sells other building services and products that consist of hardware, wood boards, gypsum, insulation, roofing, siding, and flooring; and offers design, product specification, installation, and installation management services.

Another recent and important BMC Stock Holdings, Inc. (NASDAQ:BMCH) news was published by 247Wallst.com which published an article titled: “Many Stocks Riding the Waves and Pressure of Hurricane Florence and Other Storms” on September 11, 2018.

BMC Stock Holdings, Inc. (NASDAQ:BMCH) Ratings Chart

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