Foundation Building Materials (FBM) Receives Daily News Impact Rating of 0.11
Press coverage about Foundation Building Materials (NYSE:FBM) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foundation Building Materials earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.2771384609408 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Foundation Building Materials, Inc. (FBM) Expected to Post Earnings of $0.02 Per Share (americanbankingnews.com)
- Generational Equity Advises MCS Door and Hardware Installations in Sale to Foundation Building Materials (markets.businessinsider.com)
- Foundation Building Materials (FBM) vs. The Competition Head-To-Head Comparison (americanbankingnews.com)
- Comparing Foundation Building Materials (FBM) & Its Peers (americanbankingnews.com)
Foundation Building Materials (FBM) opened at $14.73 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.63 and a quick ratio of 1.82. Foundation Building Materials has a twelve month low of $11.03 and a twelve month high of $17.91.
FBM has been the topic of a number of research reports. Zacks Investment Research upgraded Foundation Building Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank of Canada boosted their price objective on Foundation Building Materials from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, Robert W. Baird restated a “hold” rating and issued a $16.00 price objective on shares of Foundation Building Materials in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.43.
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About Foundation Building Materials
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.
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