B. Riley Reiterates “Buy” Rating for Builders FirstSource (NASDAQ:BLDR)

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.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, May 6th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.29. Builders FirstSource had a return on equity of 27.49% and a net margin of 4.36%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 133.6% on a year-over-year basis. Research analysts expect that Builders FirstSource will post 4.27 EPS for the current year.

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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Analyst Recommendations for Builders FirstSource (NASDAQ:BLDR)

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