NCI Building Systems Rating Lowered to Sector Perform at RBC Capital (NCS)
RBC Capital cut shares of NCI Building Systems (NYSE:NCS) from an outperform rating to a sector perform rating in a research note issued to investors on Monday. The firm currently has $19.00 price target on the stock, down from their previous price target of $20.00. The analysts noted that the move was a valuation call.
Separately, analysts at Zacks reiterated a neutral rating on shares of NCI Building Systems in a research note on Friday, May 23rd. They now have a $17.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $18.80.
Shares of NCI Building Systems (NYSE:NCS) traded up 1.55% during mid-day trading on Monday, hitting $19.04. 193,658 shares of the company’s stock traded hands. NCI Building Systems has a 52-week low of $11.22 and a 52-week high of $20.14. The stock’s 50-day moving average is $18.23 and its 200-day moving average is $17.52. The company’s market cap is $1.400 billion.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, June 10th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.04. The company had revenue of $305.80 million for the quarter, compared to the consensus estimate of $313.20 million. During the same quarter last year, the company posted ($0.28) earnings per share. NCI Building Systems’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that NCI Building Systems will post $0.19 earnings per share for the current fiscal year.
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry.
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