Foundation Building Materials, Inc. (FBM) Stock Rating Reaffirmed by Robert W. Baird

Foundation Building Materials, Inc. (NYSE:FBM)‘s stock had its “hold” rating reiterated by stock analysts at Robert W. Baird in a research report issued to clients and investors on Monday. They presently have a $15.00 price target on the stock. Robert W. Baird’s price target points to a potential upside of 5.93% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Foundation Building Materials from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Royal Bank Of Canada cut their target price on Foundation Building Materials from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Barclays PLC cut their target price on Foundation Building Materials from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Finally, Deutsche Bank AG cut their target price on Foundation Building Materials from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.00.

Shares of Foundation Building Materials (FBM) opened at 14.16 on Monday. The stock has a 50 day moving average price of $13.71 and a 200-day moving average price of $13.71. The firm’s market capitalization is $606.97 million. Foundation Building Materials has a 52-week low of $12.32 and a 52-week high of $17.61.

Foundation Building Materials (NYSE:FBM) last announced its earnings results on Thursday, August 3rd. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). The firm had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $536.72 million. The company’s quarterly revenue was up 95.9% on a year-over-year basis. Equities analysts forecast that Foundation Building Materials will post $0.30 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Foundation Building Materials, Inc. (FBM) Stock Rating Reaffirmed by Robert W. Baird” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/foundation-building-materials-inc-fbm-stock-rating-reaffirmed-by-robert-w-baird.html.

A number of institutional investors have recently bought and sold shares of FBM. Russell Investments Group Ltd. purchased a new position in Foundation Building Materials in the first quarter valued at approximately $2,385,000. Wells Fargo & Company MN purchased a new position in Foundation Building Materials in the first quarter valued at approximately $261,000. Bank of New York Mellon Corp purchased a new position in Foundation Building Materials in the first quarter valued at approximately $519,000. Sei Investments Co. purchased a new position in Foundation Building Materials in the first quarter valued at approximately $521,000. Finally, Parametric Portfolio Ass

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Foundation Building Materials from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Royal Bank Of Canada cut their target price on Foundation Building Materials from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Barclays PLC cut their target price on Foundation Building Materials from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Finally, Deutsche Bank AG cut their target price on Foundation Building Materials from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.00.

Shares of Foundation Building Materials (FBM) opened at 14.16 on Monday. The stock has a 50 day moving average price of $13.71 and a 200-day moving average price of $13.71. The firm’s market capitalization is $606.97 million. Foundation Building Materials has a 52-week low of $12.32 and a 52-week high of $17.61.

Foundation Building Materials (NYSE:FBM) last announced its earnings results on Thursday, August 3rd. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). The firm had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $536.72 million. The company’s quarterly revenue was up 95.9% on a year-over-year basis. Equities analysts forecast that Foundation Building Materials will post $0.30 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Foundation Building Materials, Inc. (FBM) Stock Rating Reaffirmed by Robert W. Baird” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/foundation-building-materials-inc-fbm-stock-rating-reaffirmed-by-robert-w-baird.html.

A number of institutional investors have recently bought and sold shares of FBM. Russell Investments Group Ltd. purchased a new position in Foundation Building Materials in the first quarter valued at approximately $2,385,000. Wells Fargo & Company MN purchased a new position in Foundation Building Materials in the first quarter valued at approximately $261,000. Bank of New York Mellon Corp purchased a new position in Foundation Building Materials in the first quarter valued at approximately $519,000. Sei Investments Co. purchased a new position in Foundation Building Materials in the first quarter valued at approximately $521,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Foundation Building Materials in the first quarter valued at approximately $1,256,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

About Foundation Building Materials

Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.

Analyst Recommendations for Foundation Building Materials (NYSE:FBM)

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