Analyst Target Price & Stock Review on Builders FirstSource, Inc. (NASDAQ:BLDR) and Manitex International, Inc. (NASDAQ:MNTX)

Brokerage firms currently have a positive stance on shares of Builders FirstSource, Inc. (NASDAQ:BLDR). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.70. Those same analysts are projecting that the stock will reach $18.11 on a short term basis.

Performance
At the time of writing, the stock was trading at $16.72. This represents a change from most recent open price of 6.09%. In terms of performance, year to date, the stock is 52.42%. The monthly stock performance comes in at 10.51%. For the quarter, shares are performing at 4.43%. Weekly performance analysis shows the equity at 7.80%.

Technicals
In taking a look at technical levels, shares are trading 10.54% away from the 50 day simple moving average and 25.56% away from the 200 day simple moving average. Based on a recent bid, the stock is trading 1.33% away from it’s 52- week high and 84.98% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Builders FirstSource, Inc.’s RSI stands at 65.68. In looking at volatility levels, the shares saw weekly volatility of 4.65% and 2.95% over the past month.

Equity Research firms currently have a positive stance on shares of Manitex International, Inc. (NASDAQ:MNTX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $10.00 on a short term basis.

Manitex International, Inc. (NASDAQ:MNTX) shares typically trade an average volume of 75.38 and institutions hold 61.50% of the total shares.  

MOVING AVERAGES

We see here that the stock is 13.21% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of 14.79% from current levels.  Further back, their 200-Day Simple Moving Average is 16.48% difference from today’s price.  Currently, the stock is 4.79% from its 50-Day High and 26.21% from the 50-day low. 

Manitex International, Inc. (NASDAQ:MNTX)‘s stock has performed at 17.93%.  Breaking that down further, it has performed 13.46% for the week, 17.25% for the month, 4.12% over the last quarter, -2.18% for the past half-year and 11.74% for this last year. 

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