Stock Building Supply Hldg Coverage Initiated at Goldman Sachs Group Inc. (STCK)
Investment analysts at Goldman Sachs Group Inc. began coverage on shares of Stock Building Supply Hldg (NASDAQ:STCK) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
The analysts wrote, “We initiate coverage on STCK with a Buy rating and a $19, 12-month price target. In our opinion, a recovery in single-family housing starts will likely drive a material expansion in the company’s EBITDA and EPS. We believe that solid revenue growth will be coupled with an ability to gain market share that should allow STCK to outgrow its end markets. Strong operating performance, in our view, should be primarily driven by SG&A leverage over the medium term. Further, given modest debt levels relative to its competitors, STCK should be able to use its balance sheet to complement strong organic growth with potentially accretive M&A.”
Shares of Stock Building Supply Hldg (NASDAQ:STCK) traded down 6.25% during mid-day trading on Tuesday, hitting $13.35. 56,106 shares of the company’s stock traded hands. Stock Building Supply Hldg has a 52 week low of $12.74 and a 52 week high of $15.50. The stock’s 50-day moving average is $13.84 and its 200-day moving average is $13.84. The company’s market cap is $193.0 million.
Stock Building Supply Hldg (NASDAQ:STCK) last released its earnings data on Wednesday, August 28th. The company reported $0.12 earnings per share (EPS) for the quarter.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird initiated coverage on shares of Stock Building Supply Hldg (NASDAQ:STCK) in a research note to investors on Tuesday. They set a “neutral” rating and a $17.00 price target on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Stock Building Supply Hldg (NASDAQ:STCK) in a research note to investors on Tuesday. They set a “buy” rating on the stock.
Stock Building Supply Holdings, Inc is a diversified lumber and building materials (NASDAQ:STCK) distributor and solutions provider that sells to new construction and repair and remodel contractors.
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