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A statement released earlier today by Zacks Investment Research about Universal Forest Products, Inc. (NASDAQ:UFPI) ups the target price to $101.00

Indicating a possible upside of 0.14%, Zacks Investment Research increased the target price of Universal Forest Products, Inc. (NASDAQ:UFPI) to $101.00

Yesterday Universal Forest Products, Inc. (NASDAQ:UFPI) traded -0.53% lower at $88.56. The company’s 50-day moving average is $93.32 and its 200-day moving average is $89.86. The last stock close price is down 10.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 62,025 shares of the stock were exchanged, down from an average trading volume of 136,627

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Universal Forest Products, Inc. (NASDAQ:UFPI)

Universal Forest Products, Inc. has a 52 week low of $77.80 and a 52 week high of $108.79 with a P/E ratio of 19.72 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $75.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Universal Forest Products, Inc. (NASDAQ:UFPI)

Universal Forest Products, Inc. is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc. (idX) and Corporate divisions. idX is a designer, manufacturer and installer of in-store environments. It designs, manufactures and markets wood and wood-alternative products for national home centers and other retailers; structural lumber and other products for the manufactured housing industry; engineered wood components for residential and commercial construction; specialty wood packaging, components and packing materials for various industries, and customized interior fixtures used in a range of retail stores, commercial and other structures. Its customers comprising retail market are national home center retailers and retail-oriented regional lumberyards, among others.

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