B.Riley FBR analyst Alex Rygiel reiterated a Hold rating on Builders Firstsource (BLDR) yesterday and set a price target of $16.00. The company’s shares closed last Monday at $12.81.
According to TipRanks.com, Rygiel ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.5% and a 43.3% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction, Quanta Services, and Tutor Perini.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Builders Firstsource with a $25.22 average price target.
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Based on Builders Firstsource’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.76 billion and net profit of $41.37 million. In comparison, last year the company earned revenue of $1.82 billion and had a net profit of $52.02 million.
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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. Its products includes factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood. The company was founded by Kevin P. O’Meara, Donald F. McAleenan, and John D. Roach in March 1998 and is headquartered in Dallas, TX.
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