In a report issued on September 21, Alex Rygiel from B.Riley FBR reiterated a Buy rating on Builders Firstsource (NASDAQ: BLDR), with a price target of $22. The company’s shares closed on Friday at $15.68, close to its 52-week low of $15.24.
According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 11.2% and a 61.9% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Tutor Perini Corp, and Quanta Services.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Builders Firstsource with a $22.17 average price target, representing a 41.4% upside. In a report issued on September 13, D.A. Davidson also initiated coverage with a Buy rating on the stock with a $20 price target.
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Based on Builders Firstsource’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $56.62 million. In comparison, last year the company had a net profit of $37.91 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock.
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Builers FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. It operates through the following segments: Northeast, Southeast, South, and West.
