Foundation Building Materials (FBM) Cut to “D+” at TheStreet

Foundation Building Materials (NYSE:FBM) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Thursday.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Foundation Building Materials from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Barclays reduced their price objective on shares of Foundation Building Materials from $18.00 to $17.00 and set a “buy” rating for the company in a report on Monday, August 13th. ValuEngine downgraded shares of Foundation Building Materials from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, Evercore ISI started coverage on shares of Foundation Building Materials in a report on Thursday, June 28th. They issued an “in-line” rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Foundation Building Materials currently has an average rating of “Buy” and an average price target of $17.63.

Shares of FBM opened at $9.77 on Thursday. Foundation Building Materials has a 1 year low of $9.74 and a 1 year high of $16.40. The firm has a market cap of $439.23 million, a PE ratio of 32.57 and a beta of 0.25. 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 (NYSE:FBM) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $605.00 million for the quarter, compared to analyst estimates of $586.66 million. Foundation Building Materials had a net margin of 3.72% and a return on equity of 5.15%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. On average, analysts anticipate that Foundation Building Materials will post 0.57 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Bank of Montreal Can bought a new stake in Foundation Building Materials in the second quarter worth about $174,000. CIBC World Markets Inc. bought a new stake in Foundation Building Materials in the second quarter worth about $179,000. Globeflex Capital L P bought a new stake in Foundation Building Materials in the second quarter worth about $193,000. Dynamic Technology Lab Private Ltd bought a new stake in Foundation Building Materials in the first quarter worth about $260,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Foundation Building Materials in the first quarter worth about $268,000. Hedge funds and other institutional investors own 93.19% of the company’s stock.

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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