Foundation Building Materials (NYSE:FBM) was upgraded by stock analysts at UBS Group from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Thursday, The Fly reports.
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Foundation Building Materials from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Robert W. Baird reiterated a “hold” rating and set a $16.00 target price on shares of Foundation Building Materials in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Foundation Building Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Barclays set a $19.00 target price on shares of Foundation Building Materials and gave the stock a “buy” rating in a research report on Sunday, January 7th. Finally, Citigroup increased their target price on shares of Foundation Building Materials from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $18.43.
Shares of Foundation Building Materials (FBM) traded down $0.23 during mid-day trading on Thursday, hitting $13.92. 175,853 shares of the stock were exchanged, compared to its average volume of 78,149. Foundation Building Materials has a 52 week low of $11.03 and a 52 week high of $17.91. The firm has a market cap of $596.68 and a PE ratio of -116.00. The company has a current ratio of 2.63, a quick ratio of 1.82 and a debt-to-equity ratio of 2.02.
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About Foundation Building Materials
Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.
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