The Goldman Sachs Group Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its price target lowered by research analysts at The Goldman Sachs Group from $200.00 to $180.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 31.25% from the company’s current price.

Several other research analysts have also recently issued reports on BLDR. Barclays cut their price objective on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. Finally, StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $196.88.

Builders FirstSource Trading Down 5.0 %

NYSE:BLDR opened at $137.14 on Friday. The firm has a market cap of $15.78 billion, a P/E ratio of 15.14, a PEG ratio of 0.80 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $154.21 and its 200-day simple moving average is $170.63. Builders FirstSource has a 12-month low of $130.75 and a 12-month high of $214.70.

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

Institutional Trading of Builders FirstSource

Large investors have recently made changes to their positions in the stock. Mountain Lake Investment Management LLC boosted its stake in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after acquiring an additional 2,367 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Builders FirstSource during the fourth quarter valued at $27,089,000. Lecap Asset Management Ltd. boosted its stake in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after acquiring an additional 9,970 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter valued at $405,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after acquiring an additional 58,436 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Company Profile

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.