NCI Building Systems Rating Lowered to Sector Perform at RBC Capital (NCS)
NCI Building Systems (NYSE:NCS) was downgraded by stock analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a report issued on Monday. They currently have a $19.00 price objective on the stock, down from their previous price objective of $20.00. RBC Capital’s price target suggests a potential upside of 1.33% from the company’s current price. The analysts noted that the move was a valuation call.
Shares of NCI Building Systems (NYSE:NCS) traded down 1.26% on Monday, hitting $18.75. The stock had a trading volume of 455,881 shares. NCI Building Systems has a one year low of $11.22 and a one year high of $20.14. The stock’s 50-day moving average is $18.23 and its 200-day moving average is $17.52. The company’s market cap is $1.379 billion.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, June 10th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.04. The company had revenue of $305.80 million for the quarter, compared to the consensus estimate of $313.20 million. During the same quarter last year, the company posted ($0.28) earnings per share. NCI Building Systems’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that NCI Building Systems will post $0.20 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of NCI Building Systems in a research note on Friday, May 23rd. They now have a $17.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.80.
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry.
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