Zacks Investment Research downgraded Universal Forest Products, Inc. (NASDAQ:UFPI) to Hold in a report released today.
- Updated: September 24, 2016
Boasting a price of $101.05, Universal Forest Products, Inc. (NASDAQ:UFPI) traded -2.05% lower on the day. With the last close up 10.69% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Universal Forest Products, Inc. has recorded a 50-day average of $105.56 and a two hundred day average of $92.45. Trade Volume was down over the average, with 104,987 shares of UFPI changing hands under the typical 162,538
Zacks Investment Research has downgraded Universal Forest Products, Inc. (NASDAQ:UFPI) to Hold in a report released on 9/21/2016.
With a total market value of $0, Universal Forest Products, Inc. has price-earnings ratio of 21.41 with a one year low of $57.11 and a one year high of $110.97 .
A total of 2 brokerages have issued a ratings update on the company. 0 brokers rating the stock a strong buy, zero equity analysts rating the company a buy, two brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally zero brokerages rating the stock a sell with a consensus target price of $75.00.
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: retail, construction and industrial. Its industrial market serves as industrial manufacturers and other customers for packaging, material handling and other applications. The Company's segments include North, South, West, Alternative Materials, International and Corporate divisions. The Company 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, and specialty wood packaging, components and packing materials for various industries. The Company's construction market consists of customers in three submarkets, including manufactured housing, residential construction and commercial construction.
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