Foundation Building Materials’ (FBM) “Hold” Rating Reiterated at Robert W. Baird

Robert W. Baird restated their hold rating on shares of Foundation Building Materials, Inc. (NYSE:FBM) in a research note published on Friday. They currently have a $16.00 price target on the stock.

A number of other research analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of Foundation Building Materials from $15.00 to $17.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered shares of Foundation Building Materials from a hold rating to a sell rating in a research note on Monday, September 25th. Barclays PLC decreased their price target on shares of 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 decreased their price target on shares of 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Foundation Building Materials has a consensus rating of Buy and an average target price of $18.43.

Foundation Building Materials (NYSE:FBM) opened at $13.95 on Friday. Foundation Building Materials has a 52 week low of $11.03 and a 52 week high of $17.91. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.82 and a current ratio of 2.63.

Foundation Building Materials (NYSE:FBM) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $535.40 million for the quarter, compared to analyst estimates of $535.81 million. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. research analysts expect that Foundation Building Materials will post 0.22 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu KCG Holdings LLC acquired a new position in Foundation Building Materials in the 2nd quarter valued at about $129,000. JPMorgan Chase & Co. bought a new stake in Foundation Building Materials in the 1st quarter valued at about $133,000. The Manufacturers Life Insurance Company bought a new stake in Foundation Building Materials in the 2nd quarter valued at about $143,000. Strs Ohio bought a new stake in Foundation Building Materials in the 3rd quarter valued at about $165,000. Finally, Rhumbline Advisers bought a new stake in Foundation Building Materials in the 2nd quarter valued at about $175,000. Institutional investors and hedge funds own 92.35% 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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