A report released today by Zacks Investment Research about Installed Building Products Inc (NYSE:IBP) raises the target price to $46.00
- Updated: November 30, 2016
Having a price of $41.50, Installed Building Products Inc (NYSE:IBP) traded -1.54% lower on the day. With the last close up 18.64% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. IBP has recorded a 50-day average of $36.26 and a two hundred day average of $34.98. Trade Volume was up over the average, with 232,706 shares of IBP changing hands over the typical 211,100
In a report released on 11/30/2016 Zacks Investment Research increased the target of Installed Building Products Inc (NYSE:IBP) to $46.00 stating a potential upside of 0.11%.
On Tuesday November 22, 2016, Seaport Global released a statement on Installed Building Products Inc (NYSE:IBP) upped the target price from $0.00 to $52.00 that suggested an upside of 0.27%.
Recent Performance Chart
Installed Building Products Inc has PE ratio of 35.47 with a one year low of $17.60 and a one year high of $42.75 and has a market capitalization of $0.
A total of 7 analysts have released a report on Installed Building Products Inc. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $34.57.
Brief Synopsis About Installed Building Products Inc (NYSE:IBP)
Installed Building Products, Inc. is a holding company. The Company is a residential insulation installer in the United States. The Company's national platform consists of over 100 locations accessing customers in approximately 50 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provide cross-selling opportunities to supplement the insulation installation business. The Company manages various aspects of the installation process for the customers, from the direct purchase and receipt of materials from national manufacturers, to supply of materials to job sites and quality installation. The Company handles various stages of the installation process, including material procurement, project scheduling and logistics, multi-phase professional installation and field quality inspection.
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