Builders FirstSource (BLDR) : 6 analysts are covering Builders FirstSource (BLDR) and their average rating on the stock is 1, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Builders FirstSource (BLDR) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $14. The average forecast of all the analysts is $18.17 and the expected standard deviation is $3.87.
Builders FirstSource (NASDAQ:BLDR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.18 and $11.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.62, notching a gain of 3.20% for the day. The total traded volume was 1,447,820 . The stock had closed at $11.26 on the previous day.
Also, FBR Capital initiates coverage on Builders FirstSource (NASDAQ:BLDR) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $16 per share. The rating by the firm was issued on June 1, 2016. The company shares have dropped -6.56% from its 1 Year high price. On Sep 14, 2015, the shares registered one year high at $16.69 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.47 and the 200 Day Moving Average price is recorded at $10.20.
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.