B.Riley FBR analyst Alex Rygiel maintained a Buy rating on Builders Firstsource (BLDR) today and set a price target of $22. The company’s shares closed yesterday at $13.86.
Rygiel wrote:
“We are lowering our EPS estimates for 2018 and 2019 for a correction in our interest expense assumptions. For 2018 we are lowering our EPS estimate from $1.89 to $1.80 and are lowering our 2019 EPS estimate from $1.95 to $1.82. We are not making any changes to our revenue or EBITDA estimates. Please see We reiterate our Buy rating and $22 price target.”
According to TipRanks.com, Rygiel is a 4-star analyst with an average return of 7.9% and a 56.6% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Quanta Services, and MYR Group.
Currently, the analyst consensus on Builders Firstsource is a Strong Buy with an average price target of $19.13, a 38.0% upside from current levels. In a report issued on November 5, Deutsche Bank also maintained a Buy rating on the stock with a $19 price target.
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The company has a one-year high of $23.28 and a one-year low of $11.60. Currently, Builders Firstsource has an average volume of 1.58M.
Based on the recent corporate insider activity of 61 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.
