In a report released today, Matthew Bouley from Barclays maintained a Buy rating on Foundation Building Materials Inc (NYSE: FBM), with a price target of $17. The company’s shares closed on Friday at $13.18.
According to TipRanks.com, Bouley is a 1-star analyst with an average return of -3.9% and a 53.8% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, NCI Building, and JELD-WEN Inc.
Currently, the analyst consensus on Foundation Building Materials Inc is a Moderate Buy with an average price target of $17.50.
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Based on Foundation Building Materials Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.4 million. In comparison, last year the company had a net profit of $1.26 million.
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Foundation Building Materials, Inc. is a holding company, engages in the distribution of wallboard and suspended ceiling systems. It also offers commercial and industrial mechanical insulation. The company was founded by Ruben D. Mendoza, John Gorey, and Tom Fischbeck on October 27, 2016 and is headquartered in Tustin, CA.
