NCI Building Systems Downgraded to Sector Perform at RBC Capital (NCS)

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NCI Building Systems (NYSE:NCS) was downgraded by equities research analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They currently have a $19.00 target price on the stock, down from their previous target price 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.80.

Shares of NCI Building Systems (NYSE:NCS) traded down 1.47% during mid-day trading on Monday, hitting $18.72. The stock had a trading volume of 49,292 shares. NCI Building Systems has a one year low of $11.22 and a one year high of $20.14. The stock’s 50-day moving average is $18.26 and its 200-day moving average is $17.5. The company’s market cap is $1.377 billion.

NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, June 10th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. 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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