Builders FirstSource (BLDR) : Traders are bullish on Builders FirstSource (BLDR) as it has outperformed the S&P 500 by a wide margin of 1.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.09% in the last 1 week, and is up 0.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.48% and the fifty day Moving Average is 5.85%. Builders FirstSource, Inc. is up 10.44% in the last three month period. Year-to-Date the stock performance stands at 17.42%.
Builders FirstSource (BLDR) stock is expected to deviate a maximum of $3.46 from the average target price of $17 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $22 and the most muted being $14.
Builders FirstSource (NASDAQ:BLDR): stock turned positive on Friday. Though the stock opened at $13.01, the bulls momentum made the stock top out at $13.32 level for the day. The stock recorded a low of $12.775 and closed the trading day at $13.01, in the green by 0.39%. The total traded volume for the day was 1,317,737. The stock had closed at $12.96 in the previous days trading.
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.