Foundation Building Materials (NYSE:FBM)‘s stock had its “hold” rating reaffirmed by analysts at Royal Bank of Canada in a research note issued to investors on Monday, AnalystRatings.com reports. They currently have a $15.00 price objective on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 3.91% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Foundation Building Materials from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Bank of America cut shares of Foundation Building Materials from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $24.00 to $15.00 in a report on Thursday, March 12th. SunTrust Banks cut their target price on shares of Foundation Building Materials from $24.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Raymond James cut their target price on shares of Foundation Building Materials from $20.00 to $18.00 and set a “strong-buy” rating for the company in a research note on Monday, March 16th. Finally, ValuEngine raised shares of Foundation Building Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.75.
NYSE FBM opened at $15.61 on Monday. Foundation Building Materials has a 52 week low of $7.99 and a 52 week high of $22.14. The company has a current ratio of 2.74, a quick ratio of 2.02 and a debt-to-equity ratio of 1.84. The stock has a market cap of $634.65 million, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 28.17 and a beta of 1.69. The company has a 50-day moving average price of $14.21 and a two-hundred day moving average price of $14.96.
Foundation Building Materials (NYSE:FBM) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. The business had revenue of $524.26 million during the quarter, compared to analysts’ expectations of $519.49 million. Foundation Building Materials had a net margin of 2.36% and a return on equity of 12.82%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. As a group, equities research analysts expect that Foundation Building Materials will post 0.35 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Paragon Capital Management LLC purchased a new stake in shares of Foundation Building Materials in the 1st quarter valued at approximately $38,000. Point72 Hong Kong Ltd purchased a new stake in shares of Foundation Building Materials in the 4th quarter valued at approximately $48,000. Great West Life Assurance Co. Can lifted its position in shares of Foundation Building Materials by 233.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,830 shares of the company’s stock valued at $54,000 after acquiring an additional 1,981 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Foundation Building Materials in the 1st quarter valued at approximately $74,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Foundation Building Materials by 27.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,491 shares of the company’s stock valued at $77,000 after acquiring an additional 1,615 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.
Foundation Building Materials Company Profile
Foundation Building Materials, Inc distributes building products in the United States and Canada. It offers wallboard, suspended ceiling system, and metal framing products. The company also provides complementary and other products, tools, and accessories, such as wallboard accessories, stucco and finishing systems, safety accessories, fasteners, insulations, doors, and roofing products.
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