What just happened? TopBuild Corp. (NYSE:BLD) stock value has climbed by nearly 3.99% or (3.28 points) to $85.53 from its previous close of $82.25. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 215833 contracts so far this session. BLD shares had a relatively better volume day versus average trading capacity of 326.09 thousand shares, but with a 33.95 million float and a 0.16% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for BLD stock indicates that the average analyst price target is $88.44 per share. This means the stock has a potential increase of 3.4% from where the BLD share price has been trading recently which is between $80.42 and $82.25. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $72.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “UM’s Florida stock index outperforms S&P in first half of 2019” and dated July 11, 2019.
During the recent trading session for TopBuild Corp. (NYSE:BLD), the company witnessed their stock rise $4.96 over a week and surge $4.25 from the price 20 days ago. When compared to their established 52-week high of $86.96, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/15/19. The recent low of $41.27 stood for a -1.64% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.83 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for TopBuild Corp., the two-week RSI stands at 63.11. This figure suggests that BLD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current BLD readings is similarly very revealing as it has a stochastic reading of 84.17% at this stage. This figure means that BLD share price today is being oversold.
Technical chart claims that TopBuild Corp. (BLD) would settle between $82.86/share to $83.47/share level. However, if the stock price goes below the $81.03 mark, then the market for TopBuild Corp. becomes much weaker. If that happens, the stock price might even plunge as low as $79.81 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.25. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Nomura lowered their recommendation on shares of BLD from Buy to Neutral in their opinion released on May 16. Macquarie analysts bumped their rating on TopBuild Corp. (NYSE:BLD) stock from Neutral to Outperform in a separate flash note issued to investors on March 07. Analysts at SunTrust lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to January 15.
BLD equity has an average rating of 2.11, with the figure leaning towards a bullish end. 9 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated TopBuild Corp. (NYSE:BLD) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, BLD stock price is currently trading at 14.43X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.12 while for the average stock in the same group, the multiple is 0.9. TopBuild Corp. current P/E ratio of 19.7 means it is trading at a premium against its industry’s 16.2. In the past 5 years, this ratio for the stock has been fluctuating between 11.89 and 32.96.
TopBuild Corp. (BLD)’s current-quarter revenues are projected to climb by nearly 12.04% to hit $678900, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 10.94% from $2.38 billion to a noteworthy $2.65 billion. At the other end of the current quarter income statement, TopBuild Corp. is expected to see its adjusted earnings surge by roughly 24.27% to hit $1.28 per share. For the fiscal year, BLD’s earnings are projected to climb by roughly 21.72% to hit $5.1 per share.