Foundation Building Materials (FBM) Given a $15.00 Price Target at Barclays

Foundation Building Materials (NYSE:FBM) has been assigned a $15.00 price objective by analysts at Barclays in a research note issued to investors on Saturday. The brokerage currently has a “buy” rating on the stock. Barclays’ price objective would indicate a potential upside of 39.53% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Foundation Building Materials from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, July 10th. TheStreet cut shares of Foundation Building Materials from a “c-” rating to a “d+” rating in a research note on Thursday, October 25th. Finally, ValuEngine cut shares of Foundation Building Materials from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.38.

FBM stock opened at $10.75 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.41 and a quick ratio of 1.60. Foundation Building Materials has a one year low of $9.26 and a one year high of $16.40. The company has a market capitalization of $461.11 million, a price-to-earnings ratio of 35.83 and a beta of 1.35.

Foundation Building Materials (NYSE:FBM) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.06. Foundation Building Materials had a net margin of 2.07% and a return on equity of 6.12%. The business had revenue of $542.30 million during the quarter, compared to analysts’ expectations of $555.47 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast that Foundation Building Materials will post 0.45 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in FBM. American Century Companies Inc. boosted its stake in shares of Foundation Building Materials by 47.5% in the 3rd quarter. American Century Companies Inc. now owns 1,854,254 shares of the company’s stock valued at $23,123,000 after purchasing an additional 597,531 shares in the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in shares of Foundation Building Materials in the 2nd quarter valued at $7,653,000. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Foundation Building Materials by 129.3% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 508,799 shares of the company’s stock valued at $6,345,000 after purchasing an additional 286,923 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Foundation Building Materials in the 2nd quarter valued at $4,020,000. Finally, Millennium Management LLC purchased a new stake in shares of Foundation Building Materials in the 1st quarter valued at $3,197,000. 93.20% of the stock is owned by institutional investors.

Foundation Building Materials Company Profile

Foundation Building Materials, Inc distributes building products in the United States and Canada. It operates through two segments, Specialty Building Products and Mechanical Insulation. The Specialty Building Products segment distributes wallboard, metal framing, suspended ceiling system, and other products.

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Analyst Recommendations for Foundation Building Materials (NYSE:FBM)

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