Analyst Rating Update on Builders FirstSource (BLDR)

Builders FirstSource (NASDAQ:BLDR) : Zacks Investment Research ranks Builders FirstSource (NASDAQ:BLDR) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 6 research analysts is 1, which indicates as a Strong Buy.

Builders FirstSource (NASDAQ:BLDR) : Average target price received by Builders FirstSource (NASDAQ:BLDR) is $18.17 with an expected standard deviation of $3.87. The most aggressive target on the stock is $25, whereas the most downbeat target is $14. 6 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, FBR Capital initiates coverage on Builders FirstSource (NASDAQ:BLDR). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $16 per share. The rating by the firm was issued on June 1, 2016.

Builders FirstSource (NASDAQ:BLDR): stock turned positive on Tuesday. Though the stock opened at $10.34, the bulls momentum made the stock top out at $10.99 level for the day. The stock recorded a low of $10.34 and closed the trading day at $10.68, in the green by 4.81%. The total traded volume for the day was 1,219,457. The stock had closed at $10.19 in the previous days trading.

In an insider trading activity, Crow M Chad, officer (President, COO, and CFO) of Builders Firstsource, Inc., unloaded 117,250 shares at an average price of $11.96 on June 9, 2016. The total amount of the transaction was worth $1,402,310, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Builders FirstSource, Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components, Windows & Doors, Lumber & Lumber Sheet Goods, Millwork, and Other Building Products & Services. The Companys Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing, assembly and distribution of windows, and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber, plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim, columns and posts, as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products, including hardware, composite materials, roofing and insulation.

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