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Builders FirstSource (NASDAQ:BLDR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Thursday. The firm currently has a $7.10 price target on the stock. Zacks‘s price objective points to a potential upside of 3.20% from the stock’s previous close.

Shares of Builders FirstSource (NASDAQ:BLDR) traded down 0.29% during mid-day trading on Thursday, hitting $6.86. 83,651 shares of the company’s stock traded hands. Builders FirstSource has a one year low of $5.37 and a one year high of $9.40. The stock’s 50-day moving average is $6.49 and its 200-day moving average is $7.58. The company has a market cap of $672.5 million and a P/E ratio of 29.53.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.07. The company had revenue of $426.50 million for the quarter, compared to the consensus estimate of $442.30 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Builders FirstSource will post $0.26 EPS for the current fiscal year.

BLDR has been the subject of a number of other recent research reports. Analysts at BB&T Corp. reiterated a “buy” rating on shares of Builders FirstSource in a research note on Monday, July 28th. They now have a $10.00 price target on the stock, down previously from $11.00. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Builders FirstSource in a research note on Monday, July 28th. They now have a $9.00 price target on the stock, down previously from $11.00. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $8.72.

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

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