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Hot Stocks
Boise Cascade falls -5.7% » 09:47
06/23/22
06/23
09:47
06/23/22
09:47
BCC

Boise Cascade

$59.00 /

-3.44 (-5.51%)

Boise Cascade is down…

Boise Cascade is down -5.7%, or -$3.58 to $58.83.

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BCC Boise Cascade
$59.00 /

-3.44 (-5.51%)

BCC Boise Cascade
$59.00 /

-3.44 (-5.51%)

06/23/22 BofA
Boise Cascade downgraded to Neutral at BofA on housing slowdown
06/23/22 BofA
Boise Cascade downgraded to Neutral from Buy at BofA
05/10/22 Benchmark
Boise Cascade downgraded to Hold at Benchmark after outperformance
05/10/22 Benchmark
Boise Cascade downgraded to Hold from Buy at Benchmark
BCC Boise Cascade
$59.00 /

-3.44 (-5.51%)

Downgrade
Boise Cascade downgraded to Neutral at BofA on housing slowdown » 08:02
06/23/22
06/23
08:02
06/23/22
08:02
BCC

Boise Cascade

$62.42 /

-1.425 (-2.23%)

BofA analyst George…

BofA analyst George Staphos downgraded Boise Cascade to Neutral from Buy with a price target of $71, down from $95, driven by the firm's cut to its housing forecasts and the playing out of what he had previously identified as the catalysts in the wood products space. The firm's analyst on homebuilding sees a weakened environment since early June given mortgage rates, affordability and other factors, which is in keeping with the view of the BofA economics team for a slowing housing sector, noted Staphos.

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BCC Boise Cascade
$62.42 /

-1.425 (-2.23%)

BCC Boise Cascade
$62.42 /

-1.425 (-2.23%)

06/23/22 BofA
Boise Cascade downgraded to Neutral from Buy at BofA
05/10/22 Benchmark
Boise Cascade downgraded to Hold at Benchmark after outperformance
05/10/22 Benchmark
Boise Cascade downgraded to Hold from Buy at Benchmark
02/24/22 DA Davidson
DA Davidson upgrades Boise Cascade to Buy, sees 'compelling entry point'
BCC Boise Cascade
$62.42 /

-1.425 (-2.23%)

Downgrade
Boise Cascade downgraded to Neutral from Buy at BofA » 06:05
06/23/22
06/23
06:05
06/23/22
06:05
BCC

Boise Cascade

$62.42 /

-1.425 (-2.23%)

BofA analyst George…

BofA analyst George Staphos downgraded Boise Cascade to Neutral from Buy with a $71 price target.

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BCC Boise Cascade
$62.42 /

-1.425 (-2.23%)

BCC Boise Cascade
$62.42 /

-1.425 (-2.23%)

05/10/22 Benchmark
Boise Cascade downgraded to Hold at Benchmark after outperformance
05/10/22 Benchmark
Boise Cascade downgraded to Hold from Buy at Benchmark
02/24/22 DA Davidson
DA Davidson upgrades Boise Cascade to Buy, sees 'compelling entry point'
02/24/22 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
BCC Boise Cascade
$62.42 /

-1.425 (-2.23%)

Over a week ago
Hot Stocks
Boise Cascade reaches agreement to acquire Coastal Plywood for $512M » 08:47
06/10/22
06/10
08:47
06/10/22
08:47
BCC

Boise Cascade

$80.15 /

-0.81 (-1.00%)

Boise Cascade Company…

Boise Cascade Company announced that it has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources Company for $512M, subject to certain closing adjustments. The Company currently plans to fund the transaction and closing-related expenses from its existing cash balances. "This acquisition incrementally expands our veneer capacity in support of our customers," said Nate Jorgensen, CEO, Boise Cascade. "Near term, it provides us the ability to optimize our existing engineered wood products asset base. Longer term, we are excited to fully integrate this strategic venture and we intend to invest $50 million into our Southeast operations over a three-year period to further our EWP production capacity." The scope of this transaction does not include Coastal's parent company or timberlands assets. Closing of the acquisition is expected in the third quarter of 2022, subject to customary closing conditions, including receipt of antitrust approval under the Hart-Scott-Rodino Act of 1976, as amended.

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BCC Boise Cascade
$80.15 /

-0.81 (-1.00%)

BCC Boise Cascade
$80.15 /

-0.81 (-1.00%)

05/10/22 Benchmark
Boise Cascade downgraded to Hold at Benchmark after outperformance
05/10/22 Benchmark
Boise Cascade downgraded to Hold from Buy at Benchmark
02/24/22 DA Davidson
DA Davidson upgrades Boise Cascade to Buy, sees 'compelling entry point'
02/24/22 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
BCC Boise Cascade
$80.15 /

-0.81 (-1.00%)

Over a month ago
Downgrade
Boise Cascade downgraded to Hold at Benchmark after outperformance » 07:13
05/10/22
05/10
07:13
05/10/22
07:13
BCC

Boise Cascade

$81.66 /

+5.66 (+7.45%)

As previously reported,…

As previously reported, Benchmark analyst Reuben Garner downgraded Boise Cascade to Hold from Buy as the stock approaches his previous $82 price target. Late last week, Boise posted "standout results yet again" and his downgraded "certainly wasn't due to any disappointment in the quarter/outlook" as he is raising his EPS estimates for this year and next, Garner tells investors. However, the stock is the strongest performer in its group this year with a year-to-date advance of nearly 15% and he notes that commodity price pressures and/or broader housing concerns may push shares lower through the summer.

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BCC Boise Cascade
$81.66 /

+5.66 (+7.45%)

BCC Boise Cascade
$81.66 /

+5.66 (+7.45%)

05/10/22 Benchmark
Boise Cascade downgraded to Hold from Buy at Benchmark
02/24/22 DA Davidson
DA Davidson upgrades Boise Cascade to Buy, sees 'compelling entry point'
02/24/22 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
01/21/22 Goldman Sachs
Boise Cascade upgraded to Neutral from Sell at Goldman Sachs
BCC Boise Cascade
$81.66 /

+5.66 (+7.45%)

Downgrade
Boise Cascade downgraded to Hold from Buy at Benchmark » 06:10
05/10/22
05/10
06:10
05/10/22
06:10
BCC

Boise Cascade

$81.66 /

+5.66 (+7.45%)

Benchmark analyst Reuben…

Benchmark analyst Reuben Garner downgraded Boise Cascade to Hold from Buy.

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BCC Boise Cascade
$81.66 /

+5.66 (+7.45%)

BCC Boise Cascade
$81.66 /

+5.66 (+7.45%)

02/24/22 DA Davidson
DA Davidson upgrades Boise Cascade to Buy, sees 'compelling entry point'
02/24/22 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
01/21/22 Goldman Sachs
Boise Cascade upgraded to Neutral from Sell at Goldman Sachs
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
BCC Boise Cascade
$81.66 /

+5.66 (+7.45%)

Earnings
Boise Cascade reports Q1 EPS $7.61, consensus $6.50 » 16:21
05/05/22
05/05
16:21
05/05/22
16:21
BCC

Boise Cascade

$81.57 /

-3.4 (-4.00%)

Reports Q1 revenue $2.3B,…

Reports Q1 revenue $2.3B, consensus $2.19B. "Both businesses delivered tremendous financial results in the first quarter. I am very thankful for our associates and their continued focus on providing exceptional service to our customer and supplier partners," commented Nate Jorgensen, CEO. "As we move into second quarter, we continue to experience steady demand across product lines and strong pricing on engineered wood and general line products. Our team has also done a great job of mitigating exposure to commodity price declines experienced early in the quarter. With the strength of our balance sheet we are intent on deploying capital to create shareholder value, including execution of our growth strategies."

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BCC Boise Cascade
$81.57 /

-3.4 (-4.00%)

BCC Boise Cascade
$81.57 /

-3.4 (-4.00%)

02/24/22 DA Davidson
DA Davidson upgrades Boise Cascade to Buy, sees 'compelling entry point'
02/24/22 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
01/21/22 Goldman Sachs
Boise Cascade upgraded to Neutral from Sell at Goldman Sachs
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
BCC Boise Cascade
$81.57 /

-3.4 (-4.00%)

Over a quarter ago
Upgrade
DA Davidson upgrades Boise Cascade to Buy, sees 'compelling entry point' » 08:03
02/24/22
02/24
08:03
02/24/22
08:03
BCC

Boise Cascade

$64.72 /

-17 (-20.80%)

DA Davidson analyst Kurt…

DA Davidson analyst Kurt Yinger upgraded Boise Cascade to Buy from Neutral with a price target of $82, up from $80. The analyst states that the selloff in the stock in spite of the strong report and outlook feels "eerily similar" to what transpired exactly one year ago. As was the case then, the current prices should prove to be a compelling entry-point for investors, Yinger tells investors in a research note.

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BCC Boise Cascade
$64.72 /

-17 (-20.80%)

BCC Boise Cascade
$64.72 /

-17 (-20.80%)

02/24/22 DA Davidson
Boise Cascade upgraded to Buy from Neutral at DA Davidson
01/21/22 Goldman Sachs
Boise Cascade upgraded to Neutral from Sell at Goldman Sachs
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
BCC Boise Cascade
$64.72 /

-17 (-20.80%)

Upgrade
Boise Cascade upgraded to Buy from Neutral at DA Davidson » 06:40
02/24/22
02/24
06:40
02/24/22
06:40
BCC

Boise Cascade

$64.72 /

-17 (-20.80%)

DA Davidson analyst Kurt…

DA Davidson analyst Kurt Yinger upgraded Boise Cascade to Buy from Neutral with a price target of $82, up from $80.

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BCC Boise Cascade
$64.72 /

-17 (-20.80%)

BCC Boise Cascade
$64.72 /

-17 (-20.80%)

01/21/22 Goldman Sachs
Boise Cascade upgraded to Neutral from Sell at Goldman Sachs
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
11/03/21 DA Davidson
Boise Cascade price target raised to $72 from $62 at DA Davidson
BCC Boise Cascade
$64.72 /

-17 (-20.80%)

Hot Stocks
Boise Cascade says commodity wood products pricing above historical levels » 16:16
02/22/22
02/22
16:16
02/22/22
16:16
BCC

Boise Cascade

$81.72 /

-0.74 (-0.90%)

Boise Cascade said:…

Boise Cascade said: "Economic uncertainty due to the ongoing COVID-19 pandemic continues. However, mortgage rate levels, continuation of work-from-home practices by many in the economy, and demographics in the U.S. have created a favorable demand environment for new residential construction, which we expect to continue in 2022... As a manufacturer of certain commodity products, we have sales and profitability exposure to declines in commodity product prices and rising input costs. Our distribution business purchases and sells a broad mix of commodity products with periods of increasing prices providing the opportunity for higher sales and increased margins, while declining price environments expose us to declines in sales and profitability. Our 2021 results were favorably impacted by historically high commodity wood products pricing, as well as rising prices for EWP and general line products. Composite lumber and panel prices were very volatile throughout 2021 with rapidly rising prices in second quarter, sharp price declines in third quarter, and prices steadily increasing again during fourth quarter. As we enter 2022, commodity wood products pricing continues to be above historical averages as strong demand and capacity constraints continue to create supply/demand imbalances in the marketplace. We expect future commodity product pricing and commodity input costs to be volatile in response to capacity restoration and industry operating rates, the impact of the ongoing COVID-19 pandemic on residential construction, net import and export activity, transportation constraints or disruptions, inventory levels in various distribution channels, and seasonal demand patterns. EWP and general line products have historically experienced limited price volatility, and we expect the firm pricing environment to continue in 2022."

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BCC Boise Cascade
$81.72 /

-0.74 (-0.90%)

BCC Boise Cascade
$81.72 /

-0.74 (-0.90%)

01/21/22 Goldman Sachs
Boise Cascade upgraded to Neutral from Sell at Goldman Sachs
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
01/19/22 BofA
Boise Cascade upgraded to Buy from Underperform at BofA
11/03/21 DA Davidson
Boise Cascade price target raised to $72 from $62 at DA Davidson
BCC Boise Cascade
$81.72 /

-0.74 (-0.90%)

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