Shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report) hit a new 52-week low on Tuesday after Barclays lowered their price target on the stock from $165.00 to $151.00. Barclays currently has an overweight rating on the stock. Builders FirstSource traded as low as $112.13 and last traded at $113.66, with a volume of 2500213 shares changing hands. The stock had previously closed at $118.91.
A number of other brokerages also recently issued reports on BLDR. Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Raymond James reissued an “outperform” rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Truist Financial decreased their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Finally, The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.89.
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Builders FirstSource Price Performance
The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The stock’s fifty day moving average price is $136.34 and its two-hundred day moving average price is $160.09. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.
Builders FirstSource (NYSE:BLDR – Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.
About Builders FirstSource
Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.
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