NCI Building Systems Stock Rating Reaffirmed by Zacks (NCS)
Zacks reaffirmed their neutral rating on shares of NCI Building Systems (NYSE: NCS) in a research note released on Thursday morning. They currently have a $17.00 price target on the stock.
Zacks’ analyst wrote, “We reiterate our Neutral recommendation on NCI Building Systems Inc. with a target price of $17. The company reported adjusted loss per share of $0.19 in the first quarter of 2013. Sales increased 22% to $297.6 million. The recent acquisition of Metl-Span will position the company as a leader in the insulated metal panel business. In the quarter, low-rise non-residential construction activity, measured in square feet, increased 4.4% from the comparable period in fiscal 2012. The American Institute of Architect’s Architectural Billing Index published for January 2013 was 54.2 and the commercial and industrial component of the Index remained above 50 for the fourth consecutive month. The non-residential construction is showing signs of a turnaround, which will benefit NCI Building Systems.”
Shares of NCI Building Systems opened at 16.25 on Thursday. NCI Building Systems has a one year low of $8.92 and a one year high of $17.00. The stock’s 50-day moving average is currently $15.83. The company’s market cap is $336.4 million.
NCS has been the subject of a number of other recent research reports. Analysts at FBR Capital raised their price target on shares of NCI Building Systems from $17.00 to $20.00 in a research note to investors on Thursday. They now have an outperform rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of NCI Building Systems in a research note to investors on Friday, February 1st. They set a buy rating and a $20.00 price target on the stock. Finally, analysts at BB&T initiated coverage on shares of NCI Building Systems in a research note to investors on Friday, February 1st. They set a buy rating and a $20.00 price target on the stock.
Three research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and one has assigned a hold rating to the stock. NCI Building Systems has a consensus rating of overweight and a consensus price target of $19.40.
NCI Building Systems, Inc. is a manufacturer and supplier of metal coil coating services, metal building components and engineered metal buildings systems.
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