Foundation Building Materials, Inc. (NYSE:FBM) had its target price raised by Royal Bank of Canada from $15.00 to $17.00 in a research report released on Wednesday. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Deutsche Bank AG cut their price target on shares of Foundation Building Materials from $19.00 to $16.00 and set a buy rating on the stock 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. Barclays PLC cut their price target on shares of Foundation Building Materials from $19.00 to $17.00 and set an overweight rating on the stock in a research note on Friday, August 4th. Finally, Robert W. Baird reiterated a hold rating and set a $15.00 price target on shares of Foundation Building Materials in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $18.43.

Shares of Foundation Building Materials (NYSE FBM) traded up $0.07 on Wednesday, reaching $13.95. 117,200 shares of the company traded hands, compared to its average volume of 230,045. Foundation Building Materials has a 12-month low of $11.03 and a 12-month high of $17.91. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.76 and a current ratio of 2.63.

Foundation Building Materials (NYSE:FBM) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $535.40 million for 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% on a year-over-year basis. analysts expect that Foundation Building Materials will post 0.26 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC acquired a new position in Foundation Building Materials in the first quarter valued at approximately $1,256,000. JPMorgan Chase & Co. acquired a new position in Foundation Building Materials in the first quarter valued at approximately $133,000. Prudential Financial Inc. acquired a new position in Foundation Building Materials in the second quarter valued at approximately $282,000. TIAA CREF Investment Management LLC acquired a new position in Foundation Building Materials in the first quarter valued at approximately $333,000. Finally, Kennedy Capital Management Inc. acquired a new position in Foundation Building Materials in the second quarter valued at approximately $2,597,000. 91.44% of the stock is owned by hedge funds and other institutional investors.

Foundation Building Materials Company Profile

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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