Builders FirstSource (BLDR) Receives Analyst Rating

Builders FirstSource (BLDR) : Zacks Investment Research ranks Builders FirstSource (BLDR) as 3, which is a Hold recommendation. 5 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 5 research analysts is 1, which indicates as a Strong Buy.

Builders FirstSource (BLDR) : 5 Wall Street analysts covering Builders FirstSource (BLDR) believe that the average level the stock could reach for the short term is $17.2. The maximum price target given is $22 and the minimum target for short term is around $14, hence the standard deviation is calculated at $3.03.


Also, Wedbush initiates coverage on Builders FirstSource (NASDAQ:BLDR).The analysts at the brokerage house have a current rating of Outperform on the shares. The rating by the firm was issued on September 7, 2016.

Builders FirstSource (NASDAQ:BLDR): The stock opened in the green at $12.47 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $12.47 and a low of $12.19 for the day. The stock did not find buyers even at the lows and closed at $12.24 recording a loss of -0.16%. 477,571 shares exchanged hands during the trading day. The stock had closed at $12.26 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.

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