Foundation Building Materials, Inc. (FBM) Receives “Hold” Rating from Robert W. Baird

Foundation Building Materials, Inc. (NYSE:FBM)‘s stock had its “hold” rating reaffirmed by equities research analysts at Robert W. Baird in a research note issued on Friday. They presently have a $16.00 price target on the stock. Robert W. Baird’s target price indicates a potential upside of 14.70% from the stock’s previous close.

FBM has been the subject of several other reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 price target on shares of Foundation Building Materials in a research note on Wednesday, September 6th. Deutsche Bank AG decreased their price target on shares of Foundation Building Materials from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Foundation Building Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Barclays PLC decreased their price target on shares of Foundation Building Materials from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. One equities research 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 stock currently 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. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.63 and a quick ratio of 1.76. Foundation Building Materials has a 1-year low of $11.03 and a 1-year high of $17.91.

Foundation Building Materials (NYSE:FBM) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $535.40 million during 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 revenue for the quarter was up 28.8% compared to the same quarter last year. equities analysts forecast that Foundation Building Materials will post 0.26 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Virtu KCG Holdings LLC purchased a new stake in Foundation Building Materials during the 2nd quarter valued at about $129,000. JPMorgan Chase & Co. purchased a new stake in Foundation Building Materials during the 1st quarter valued at about $133,000. The Manufacturers Life Insurance Company purchased a new stake in Foundation Building Materials during the 2nd quarter valued at about $143,000. Strs Ohio purchased a new stake in Foundation Building Materials during the 3rd quarter valued at about $165,000. Finally, Rhumbline Advisers purchased a new stake in Foundation Building Materials during the 2nd quarter valued at about $175,000. 91.44% of the stock is currently owned by institutional investors.

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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