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Builders FirstSource (NASDAQ:BLDR) was upgraded by Gabelli from a “hold” rating to a “buy” rating in a research note issued on Monday, reports.

Shares of Builders FirstSource (NASDAQ:BLDR) traded up 0.13% during mid-day trading on Monday, hitting $7.85. 561,602 shares of the company’s stock traded hands. 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 $8.4 and its 200-day moving average is $7.70. The company’s market cap is $763.8 million.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, April 24th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.07) earnings per share. Builders FirstSource’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Builders FirstSource will post $0.44 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Builders FirstSource from $12.00 to $11.00 in a research note on Monday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Builders FirstSource presently has a consensus rating of “Buy” and an average price target of $8.98.

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

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