BTIG Stick to Their Buy Rating for Builders Firstsource By Investing.com

2 Sectors To Buy, 1 To Avoid As Wall Street’s Q1 Earnings Season Begins

BTIG Stick to Their Buy Rating for Builders Firstsource

Oct 01, 2020 08:25AM ET

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BTIG analyst Ryan Gilbert reiterated a Buy rating on Builders Firstsource (NASDAQ:BLDR) on Thursday, setting a price target of $35, which is approximately 7.30% above the present share price of $32.62.

Gilbert expects Builders Firstsource to post earnings per share (EPS) of $0.68 for the fourth quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Builders Firstsource, with an average price target of $34.38.
The analysts price targets range from a high of $37 to a low of $30.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.95 billion and a net profit of $129.26 million. The company's market cap is $3.81 billion.

According to TipRanks.com, BTIG analyst Ryan Gilbert is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 18.1% and a 82.61% success rate.

Builers FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. It operates through the following segments: Northeast, Southeast, South, and West. Its products includes factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood. The company was founded by Kevin P. O'Meara, Donald F. McAleenan, and John D. Roach in March 1998 and is headquartered in Dallas, TX.

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