Installed Building Products Inc (NYSE:IBP) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Having a price of $35.90, Installed Building Products Inc (NYSE:IBP) traded 1.99% higher on the day. With the last stock price up 9.11% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. IBP has recorded a 50-day average of $35.04 and a two hundred day average of $32.90. Trade Volume was down over the average, with 138,940 shares of IBP changing hands under the typical 246,775
Zacks Investment Research has upgraded Installed Building Products Inc (NYSE:IBP) to Hold in a statement released on 10/12/2016.
Recent Performance Chart
Installed Building Products Inc has PE ratio of 32.64 with a one year low of $17.60 and a one year high of $38.97 and has a market capitalization of $0.
A total of 7 brokerages have issued a ratings update on Installed Building Products Inc. zero brokerages rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $34.57.
General Company Details For 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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