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Investment analysts at Gabelli started coverage on shares of Builders FirstSource (NASDAQ:BLDR) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Shares of Builders FirstSource (NASDAQ:BLDR) opened at 8.00 on Monday. Builders FirstSource has a 52 week low of $5.15 and a 52 week high of $9.40. The stock’s 50-day moving average is $8.50 and its 200-day moving average is $7.64. The company’s market cap is $778.4 million.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, April 24th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $345.90 million for the quarter, compared to the consensus estimate of $346.50 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Builders FirstSource will post $0.44 earnings per share for the current fiscal year.

Separately, analysts at Deutsche Bank upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Monday, March 31st. They now have a $12.00 price target on the stock, up previously from $5.00. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.18.

Builders FirstSource, Inc is a supplier and manufacturer of structural and related building products for residential new construction.

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