Media stories about Foundation Building Materials (NYSE:FBM) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foundation Building Materials earned a news impact score of 0.10 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.0137388829906 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Foundation Building Materials (FBM) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Foundation Building Materials (FBM) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- DBR Director Tanner Talks Cutting Red Tape for RI Businesses (golocalprov.com)
- HD Supply Holdings Inc (HDS) Q4 2017 Earnings Conference Call Transcript (msn.com)
Shares of Foundation Building Materials (FBM) traded up $0.04 during mid-day trading on Tuesday, hitting $15.44. 7,110 shares of the company traded hands, compared to its average volume of 125,463. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 1.54. The company has a market cap of $666.13 and a P/E ratio of 7.94. Foundation Building Materials has a 1-year low of $11.03 and a 1-year high of $17.91.
A number of analysts recently weighed in on the stock. Barclays set a $19.00 price target on shares of Foundation Building Materials and gave the company a “buy” rating in a report on Sunday, January 7th. Zacks Investment Research cut shares of Foundation Building Materials from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Citigroup lifted their price target on shares of Foundation Building Materials from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Raymond James Financial upgraded shares of Foundation Building Materials from an “outperform” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Thursday, February 8th. Finally, UBS upgraded shares of Foundation Building Materials from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $17.57.
Foundation Building Materials Company Profile
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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