BlueLinx Holdings Inc (NYSE: BXC) suffers from extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent notable negative changes in fundamentals have affected BlueLinx Holdings Inc (NYSE: BXC): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BXC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BlueLinx Holdings has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. BlueLinx Holdings has a slightly positive Appreciation Score of 68 and a very high Power Rating of 93, leading to the Highest Value Trend Rating.
Recent Price Action
BlueLinx Holdings Inc (NYSE: BXC) stock closed at $109.69 on 4/18/24 after a slight decline of -0.3%. This decline was accompanied by normal trading volume. The stock has declined -9.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Be the first to comment