Stock Building Supply Holdings Rating Lowered to Underperform at Zacks (STCK)
Stock Building Supply Holdings (NASDAQ:STCK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday. They currently have a $17.80 price target on the stock. Zacks‘s price target would indicate a potential downside of 5.17% from the stock’s previous close.
Stock Building Supply Holdings (NASDAQ:STCK) traded down 1.44% during mid-day trading on Wednesday, hitting $18.50. 38,699 shares of the company’s stock traded hands. Stock Building Supply Holdings has a 1-year low of $12.45 and a 1-year high of $23.33. The stock’s 50-day moving average is $19.58 and its 200-day moving average is $19.06. The company’s market cap is $483.1 million.
Stock Building Supply Holdings (NASDAQ:STCK) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.07. The company had revenue of $280.00 million for the quarter, compared to the consensus estimate of $276.13 million. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that Stock Building Supply Holdings will post $0.73 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Stock Building Supply Holdings from $19.00 to $23.00 in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of Stock Building Supply Holdings from $22.00 to $20.00 in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Stock Building Supply Holdings presently has an average rating of “Hold” and an average price target of $20.08.
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.
To view Zacks’ full report, visit Zacks’ official website.
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