Builders FirstSource (NYSE:BLDR) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource (NYSE:BLDR) in a research note issued on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $151.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 15.13% from the company’s current price.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets decreased their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Royal Bank of Canada lowered their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stifel Nicolaus cut their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Barclays lowered their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.63.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $131.16 on Tuesday. The business has a 50 day simple moving average of $143.29 and a 200 day simple moving average of $163.54. Builders FirstSource has a one year low of $119.65 and a one year high of $210.00. The company has a market capitalization of $14.90 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, sell-side analysts forecast that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Trading of Builders FirstSource

Institutional investors and hedge funds have recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource during the 4th quarter worth $34,000. Avion Wealth increased its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Builders FirstSource by 91.2% during the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after purchasing an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after buying an additional 134 shares during the period. 95.53% of the stock is currently owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.