Stock Building Supply Hldg (NASDAQ:STCK) was downgraded by equities research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Stock Building Supply Hldg (NASDAQ:STCK) opened at 17.55 on Monday. Stock Building Supply Hldg has a 52 week low of $12.45 and a 52 week high of $19.02. The stock has a 50-day moving average of $16.25 and a 200-day moving average of $14.73. The company’s market cap is $458.2 million.
Stock Building Supply Hldg (NASDAQ:STCK) last announced its earnings results on Wednesday, October 30th. The company reported ($0.30) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.38. The company had revenue of $328.50 million for the quarter, compared to the consensus estimate of $316.43 million. On average, analysts predict that Stock Building Supply Hldg will post $0.18 earnings per share for the current fiscal year.
Separately, analysts at Robert W. Baird raised their price target on shares of Stock Building Supply Hldg from $17.00 to $18.00 in a research note to investors on Thursday, October 31st. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Stock Building Supply Hldg presently has a consensus rating of “Hold” and an average target price of $17.50.
Stock Building Supply Holdings, Inc is a diversified lumber and building materials (NASDAQ:STCK) distributor and solutions provider that sells to new construction and repair and remodel contractors.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.