Builders FirstSource Price Target Cut to $11.00 (BLDR)
Equities researchers at Deutsche Bank cut their price target on shares of Builders FirstSource (NASDAQ:BLDR) from $12.00 to $11.00 in a research report issued on Monday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 35.64% from the company’s current price.
Builders FirstSource (NASDAQ:BLDR) opened at 8.11 on Monday. Builders FirstSource has a 1-year low of $5.15 and a 1-year high of $9.40. The stock has a 50-day moving average of $8.4 and a 200-day moving average of $7.71. The company’s market cap is $791.7 million.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, April 24th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Builders FirstSource will post $0.38 earnings per share for the current fiscal year.
Separately, analysts at Gabelli initiated coverage on shares of Builders FirstSource in a research note on Monday, April 21st. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus 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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