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A statement released earlier today by Zacks Investment Research about Builders FirstSource, Inc. (NASDAQ:BLDR) raises the target price to $12.00

Builders FirstSource, Inc. (NASDAQ:BLDR) had its target price raised to $12.00 by Zacks Investment Research in a report released Monday October 17, 2016. The upped price target implies a potential upside of 0.13% from the company's most recent stock price close.

Boasting a price of $10.62, Builders FirstSource, Inc. (NASDAQ:BLDR) traded -2.30% lower on the day. With the last stock price close down -11.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Builders FirstSource, Inc. has recorded a 50-day average of $12.09 and a two hundred day average of $12.00. Volume of trade was up over the average, with 1,360,557 shares of BLDR changing hands over the typical 1,032,630

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Builders FirstSource, Inc. (NASDAQ:BLDR)

Builders FirstSource, Inc. has a 52 week low of $6.50 and a 52 week high of $15.72 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $16.44 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell.

Brief Synopsis About Builders FirstSource, Inc. (NASDAQ:BLDR)

Builders FirstSource, Inc. is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company's operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products. Its manufactured products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood that it designs, cuts and assembles for each home. The Company also assembles interior and exterior doors into pre-hung units. Additionally, it supplies customers with offering of professional grade building products, such as dimensional lumber and lumber sheet goods, and various window, door and millwork lines. Its range of construction-related services includes professional installation, framing and shell construction

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