Builders FirstSource (NASDAQ:BLDR)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research note issued to investors on Thursday, The Fly reports. They presently have a $56.00 target price on the stock, down from their previous target price of $62.00. B. Riley’s price target would indicate a potential upside of 24.61% from the stock’s current price.
Several other analysts also recently issued reports on the company. Barclays raised their price objective on Builders FirstSource from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, June 9th. They noted that the move was a valuation call. Zelman & Associates started coverage on Builders FirstSource in a report on Thursday, July 8th. They issued a “sell” rating for the company. BTIG Research decreased their price objective on Builders FirstSource from $67.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, July 1st. They noted that the move was a valuation call. Truist Securities raised their price objective on Builders FirstSource from $52.00 to $60.00 in a report on Friday, May 7th. Finally, Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Monday, July 12th. One analyst has rated the stock with a sell rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $52.93.
BLDR opened at $44.94 on Thursday. The firm has a 50-day moving average price of $43.69. Builders FirstSource has a 1 year low of $22.04 and a 1 year high of $53.99. The firm has a market cap of $9.31 billion, a P/E ratio of 13.18 and a beta of 2.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.92 and a quick ratio of 1.07.
Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in shares of Builders FirstSource during the first quarter worth approximately $38,000. Parkside Financial Bank & Trust bought a new stake in shares of Builders FirstSource during the first quarter worth approximately $43,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Builders FirstSource during the first quarter worth approximately $43,000. Logan Capital Management Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at approximately $44,000. Finally, Goodwin Investment Advisory acquired a new stake in shares of Builders FirstSource in the first quarter valued at approximately $46,000. Institutional investors own 98.66% of the company’s stock.
Builders FirstSource Company Profile
Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West.
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