BMC Stock Holdings Inc (STCK) is Initiated by RBC Capital Mkts to Outperform, Price Target at $22

BMC Stock Holdings Inc (STCK) was Initiated by RBC Capital Mkts to “Outperform” and the brokerage firm has set the Price Target at $22. RBC Capital Mkts advised their investors in a research report released on May 31, 2016.

Many Wall Street Analysts have commented on BMC Stock Holdings Inc. Sun Trust Rbsn Humphrey Initiated BMC Stock Holdings Inc on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $21.

On the company’s financial health, BMC Stock Holdings Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.03. The company had revenue of $727.40 million for the quarter, compared to analysts expectations of $664.00 million. The company’s revenue was up 23.2% compared to the same quarter last year.

BMC Stock Holdings Inc closed down -0.24 points or -1.23% at $19.22 with 15,00,936 shares getting traded on Friday. Post opening the session at $19.41, the shares hit an intraday low of $19.1 and an intraday high of $19.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 17, 2015, David W Bullock (director) purchased 4,000 shares at $15.19 per share price.

BMC Stock Holdings Inc. formerly Stock Building Supply Holdings Inc. is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company operates through two segments: Geographic divisions and Coleman Floor. The Geographic divisions segment includes East and West divisions. The Coleman Floor segment offers professional flooring installation services. Its products are lumber and lumber sheet goods millwork doors flooring windows structural components such as engineered wood products (EWP) trusses and wall panels and other exterior products. It provides solution-based services to its customers including design product specification and installation management services. It serves a range of customer base including homebuilders and custom homebuilders. Its operating regions include the South and West regions of the United States.

BMC Stock Holdings Inc

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