Stephens analyst Trey Grooms maintains $Builders FirstSource (BLDR.US)$ with a buy rating, and adjusts the target price from $150 to $200.
According to TipRanks data, the analyst has a success rate of 58.1% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Builders FirstSource (BLDR.US)$'s main analysts recently are as follows:
The company's third-quarter performance aligned with expectations, but there has been a revision in revenue forecasts, while EBITDA projections remain steady. Stability is observed in margins, yet there's a lean towards the conservative end for long-term forecasts, prompting a slight reduction in earnings projections for the years 2024 and 2025 to mirror the revised guidance and a moderated revenue forecast for 2025.
The firm's assessment of Builders FirstSource reflects a positive outlook after a Q3 earnings surpass. The projection for FY25 is predominantly influenced by volume, with expectations set for a low-single-digit blended end market by FY25. It was also observed that the company's gross margins have maintained strength beyond anticipations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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