Builders FirstSource (BLDR) May Turn Cash Flow Positive in 2013 - Analyst

October 22, 2012 10:57 AM EDT
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Price: $10.92 --0%

Rating Summary:
    11 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 9 | New: 1
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Imperial Capital maintained an In-Line rating on Builders FirstSource (NASDAQ: BLDR) and raised its price target to $4.50 (from $4.25).

"BLDR's 3Q12 posted strong revenue upside to our estimates, reflecting both higher-than-expected housing starts and more favorable market share gains," said Imperial Capital. "However, earnings fell mostly in line as gross margins were hit by lumber cost inflation that could not be fully passed on to customers."

Analysts said they expect the company to continue to benefit from a rebound in residential construction and may turn cash flow positive in 2013.

For an analyst ratings summary and ratings history on Builders FirstSource click here. For more ratings news on Builders FirstSource click here.

Shares of Builders FirstSource closed at $4.87 yesterday.

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