Zacks Investment Research upgraded Installed Building Products Inc (NYSE:IBP) to Hold in a report released today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded Installed Building Products Inc(NYSE:IBP) to Hold in a statement released on 8/18/2016.
On 5/09/2016, RBC Capital Markets released a statement on Installed Building Products Inc(NYSE:IBP) upped the target price from $31.00 to $36.00 that suggested an upside of 0.16%.
Just yesterday Installed Building Products Inc (NYSE:IBP) traded 1.29% lower at $30.72. Installed Building Products Inc’s 50-day average is $33.43 and its 200-day moving average is $31.26. The last stock close is down 10.56% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. Trading volume was was up over the average, with 723,456 shares of IBP changing hands over the typical 277,466 shares..
Recent Performance Chart:
Installed Building Products Inc has a one-year low of $17.60 and a 52 week high of $38.97 with a PE ratio of 31 and has a total market value of $0.0.
A total of 7 brokerages have issued a report on the stock. Zero rate the company a strong buy, 0 rate the company a buy, 0 firms rate the company a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with an average target stock price 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, and multi-phase professional installation and field quality inspection.
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