Brokerage Firm Rating Update on Builders FirstSource (BLDR)

Builders FirstSource (BLDR) : 4 brokerage houses believe that Builders FirstSource (BLDR) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Builders FirstSource (BLDR) : 4 investment research analysts covering Builders FirstSource (BLDR) have an average price target of $17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $14 for the short term. Analysts expect the variance to be within $3.46 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Citigroup maintains its rating on Builders FirstSource (NASDAQ:BLDR).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $12 per share to $14 per share. The rating by the firm was issued on August 8, 2016.

Builders FirstSource (NASDAQ:BLDR): The stock opened at $13.48 and touched an intraday high of $13.79 on Wednesday. During the day, the stock corrected to an intraday low of $13.33, however, the bulls stepped in and pushed the price higher to close in the green at $13.62 with a gain of 2.18% for the day. The total traded volume for the day was 1,383,035. The stock had closed at $13.33 in the previous trading session.

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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