Barclays Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price target reduced by equities research analysts at Barclays from $188.00 to $165.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 17.13% from the stock’s current price.

A number of other equities research analysts have also weighed in on BLDR. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Price Performance

BLDR opened at $140.87 on Monday. The business has a fifty day moving average of $153.39 and a 200 day moving average of $170.55. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a market cap of $16.21 billion, a P/E ratio of 15.55, a PEG ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, sell-side analysts anticipate that Builders FirstSource will post 11.59 EPS for the current year.

Institutional Trading of Builders FirstSource

Institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $34,000. Reston Wealth Management LLC purchased a new position in shares of Builders FirstSource in the third quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the third quarter valued at approximately $46,000. 95.53% of the stock is owned by institutional investors and hedge funds.

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.