Citizens initiates BlueLinx stock coverage with Market Perform

Citizens initiated coverage on BlueLinx Holdings Inc. (NYSE:BXC) with a Market Perform rating, noting that the stock has surged nearly 54% over the past six months to $79.81. The Atlanta-based two-step distributor purchases goods from manufacturers and distributes them to big box home improvement retailers and smaller lumberyards.

Despite generating $3.01 billion in revenue, BlueLinx posted a loss of $0.26 per share over the last twelve months, with analysts forecasting a return to profitability with earnings of $2.05 per share expected this year.

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