Construction sector’s Foundation Building Materials’s (NYSE:FBM) Hold rating Reiterated by Royal Bank of Canada

0
38

Foundation Building Materials (NYSE:FBM)‘s stock had its Hold rating Reiterated by analysts at Royal Bank of Canada in a research report issued to clients and investors. A price-to-earnings ratio of 13.36, market cap of 679.2M and a beta of 1.69.  Foundation Building Materials has a twelve month low $7.99 of  and a twelve month high of $22.14.

Shares of Foundation Building Materials traded up $1.03 on Monday, reaching $15.72. 204791 shares of the stock traded hands, compared to its average volume of 251889. Shares of Foundation Building Materials at end of the day on Monday were at $15.72. The firm’s 50 day moving average is $13.33 and its 200 day moving average is 16.1.Foundation Building Materials  has a 12 month low of $14.83 and a 12 month high of $22.14. While on yearly highs and lows, Foundation Building Materials’s today has traded high as $16.06 and has touched $14.83 on the downward trend. See More Analyst Rating at: RATING

Foundation Building Materials (NYSE:FBM) Moving Average Technical Analysis

5 day Moving Average is 15.52 And 5 day price change is -0.31 (-1.96%)  with average volume for 5 day average is 229,539. While technical analysis for average 20 days shows significant difference, 20 day moving average is  15.52 and 20 day price change is 2.31 (0.1715) and average 20 day moving volume is 239,350. 50 day moving average is 13.33  and 50 day price change is 5.63 ( 0.5558)  and with average volume for 50 days is : 256,278. 200 day moving average is 16.1  and 200 day price change is -2.77 (-14.94%)  and with average volume for 200 days is : 412,559.

See More Analyst Rating at: RATING

Foundation Building Materials Earnings and What to expect: 

Foundation Building Materials last issued its earnings results on May 11th, 2020. The reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The business had revenue of $524.26 million for the quarter, compared to analyst estimates of $519.49 million. Its revenue was up 1.8% on a year-over-year basis. Foundation Building Materials has generated $0.97 earnings per share over the last year and currently has a price-to-earnings ratio of 13.4. Foundation Building Materials has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 3rd, 2020 based off prior year’s report dates.

Earnings for Foundation Building Materials are expected to grow by 177.14% in the coming year, from $0.35 to $0.97 per share. The P/E ratio of Foundation Building Materials is 13.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.07. The P/E ratio of Foundation Building Materials is 13.35, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 35.92. Foundation Building Materials has a PEG Ratio of 28.17. PEG Ratios above 1 indicate that a company could be overvalued. Foundation Building Materials has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 1.80%
  • On 3/17/2020 VP James R Carpenter Buy 10,000 at average share price of $9.88 which equates to $98,800.00 in money value.
  • On 10/16/2019 Major Shareholder John P Grayken Sell 712,500 at average price of  $18.13 with total value of : Not Data Available
  • On 9/24/2019 Major Shareholder John P Grayken Sell 4,750,000 at average price of  $16.28 with total value of : $77,330,000.00

What other brokers have to say about Foundation Building Materials :

  • 6/22/2020 – Foundation Building Materials was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating. ()
  • 5/13/2020 – Foundation Building Materials had its “buy” rating re-affirmed by analysts at Barclays PLC. They now have a $16.00 price target on the stock. ()
  • 5/6/2020 – Foundation Building Materials was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating. ()
  • 4/16/2020 – Foundation Building Materials had its price target lowered by analysts at SunTrust Banks, Inc. from $24.00 to $17.00. They now have a “buy” rating on the stock. ()

Other firm’s rating by Royal Bank of Canada:

  • 6/29/2020 – Herc had its “buy” rating re-affirmed by analysts at Royal Bank of Canada. They now have a $30.00 price target on the stock. ()
  • 6/29/2020 – Teck Resources had its “buy” rating re-affirmed by analysts at Royal Bank of Canada. They now have a $20.00 price target on the stock. ()
  • 6/29/2020 – Trevali Mining had its “hold” rating re-affirmed by analysts at Royal Bank of Canada. They now have a $0.10 price target on the stock. ()
  • 6/29/2020 – ZoomInfo Technologies is now covered by analysts at Royal Bank of Canada. They set a “sector perform” rating and a $50.00 price target on the stock. ()

See More Analyst Rating at: RATING