Builders Firstsource (BLDR) Receives a Buy from Stifel Nicolaus


Stifel Nicolaus analyst John Baugh reiterated a Buy rating on Builders Firstsource (NASDAQ: BLDR) yesterday and set a price target of $25. The company’s shares closed yesterday at $17.51.

According to TipRanks.com, Baugh is a 5-star analyst with an average return of 14.0% and a 60.3% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, Sleep Number Corporation, and Leggett & Platt Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Builders Firstsource with a $23 average price target, a 31.4% upside from current levels. In a report issued on August 6, Stephens also reiterated a Buy rating on the stock with a $21 price target.

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Builders Firstsource’s market cap is currently $2.01B and has a P/E ratio of 26.94. The company has a Price to Book ratio of 4.35.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative 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.

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