Royal Bank Of Canada Upgrades Builders FirstSource (NYSE:BLDR) to "Outperform"

Key Points

• Royal Bank of Canada upgraded Builders FirstSource from "sector perform" to "outperform" and set a $119 price target, implying roughly a 21% upside from the previous close.
• Recent quarterly results missed expectations—EPS $1.12 vs. $1.30 expected and revenue $3.36B vs. $3.46B, with revenue down 12.1% year‑over‑year.
• Analyst sentiment is mixed: 10 Buys, 9 Holds and 4 Sells produce a MarketBeat consensus rating of "Hold" and a consensus price target of $127.81.

Builders FirstSource (NYSE:BLDR - Get Free Report) was upgraded by analysts at Royal Bank Of Canada from a "sector perform" rating to an "outperform" rating in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a $119.00 price objective on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 21.02% from the company's previous close.

Several other equities research analysts have also commented on BLDR. Robert W. Baird dropped their price target on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. UBS Group cut their target price on shares of Builders FirstSource from $166.00 to $143.00 and set a "buy" rating on the stock in a research note on Tuesday, January 6th. Zacks Research cut shares of Builders FirstSource from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 19th. Barclays cut their price objective on Builders FirstSource from $136.00 to $124.00 and set an "overweight" rating on the stock in a research report on Friday, February 20th. Finally, BMO Capital Markets cut their price objective on shares of Builders FirstSource from $123.00 to $120.00 and set a "market perform" rating on the stock in a report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of "Hold" and a consensus price target of $127.81.

Builders FirstSource Trading Up 2.4%

BLDR stock traded up $2.34 during midday trading on Thursday, hitting $98.33. The stock had a trading volume of 133,965 shares, compared to its average volume of 2,202,360. Builders FirstSource has a 12-month low of $94.17 and a 12-month high of $151.03. The firm has a market cap of $10.88 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.35 and a beta of 1.56. The company's 50-day moving average price is $114.52 and its 200 day moving average price is $118.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). The company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The company's revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 earnings per share. On average, equities research analysts predict that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC lifted its position in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company's stock worth $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Builders FirstSource by 167.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Builders FirstSource in the third quarter valued at about $34,000. Transamerica Financial Advisors LLC raised its position in Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Builders FirstSource during the second quarter worth about $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.