Foundation Building Materials Inc (NYSE:FBM) has received a consensus recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.40.

A number of equities analysts have commented on FBM shares. Credit Suisse Group started coverage on Foundation Building Materials in a report on Friday, January 11th. They set a “neutral” rating and a $9.00 target price for the company. ValuEngine cut Foundation Building Materials from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Barclays increased their target price on Foundation Building Materials from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, February 27th. Zacks Investment Research raised Foundation Building Materials from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, TheStreet raised Foundation Building Materials from a “d+” rating to a “c” rating in a report on Friday, April 26th.

NYSE FBM opened at $13.59 on Friday. The stock has a market capitalization of $572.16 million, a P/E ratio of 38.83 and a beta of 1.53. Foundation Building Materials has a twelve month low of $7.62 and a twelve month high of $16.32. The company has a quick ratio of 1.63, a current ratio of 2.39 and a debt-to-equity ratio of 1.59.

Foundation Building Materials (NYSE:FBM) last announced its earnings results on Monday, February 25th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Foundation Building Materials had a positive return on equity of 5.76% and a negative net margin of 0.55%. The business had revenue of $516.20 million during the quarter, compared to analysts’ expectations of $510.54 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. As a group, equities research analysts expect that Foundation Building Materials will post 0.86 EPS for the current year.

Several institutional investors have recently made changes to their positions in FBM. Clearbridge Investments LLC raised its holdings in shares of Foundation Building Materials by 552.3% during the third quarter. Clearbridge Investments LLC now owns 1,219,735 shares of the company’s stock valued at $15,210,000 after acquiring an additional 1,032,755 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Foundation Building Materials by 24.5% during the fourth quarter. American Century Companies Inc. now owns 2,307,794 shares of the company’s stock valued at $19,178,000 after acquiring an additional 453,540 shares during the last quarter. Bell & Brown Wealth Advisors LLC raised its holdings in shares of Foundation Building Materials by 199.8% during the fourth quarter. Bell & Brown Wealth Advisors LLC now owns 138,200 shares of the company’s stock valued at $1,148,000 after acquiring an additional 92,100 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Foundation Building Materials in the first quarter valued at approximately $884,000. Finally, Dalton Greiner Hartman Maher & Co. grew its position in shares of Foundation Building Materials by 9.3% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 556,346 shares of the company’s stock valued at $4,623,000 after purchasing an additional 47,547 shares in the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

About Foundation Building Materials

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.

Further Reading: Fiduciary

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