Installed Building Products (IBP) : The consensus price target for Installed Building Products (IBP) is $35.67 for the short term with a standard deviation of $0.58. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $35.
Installed Building Products (IBP) : 4 analysts are covering Installed Building Products (IBP) and their average rating on the stock is 1.75, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Installed Building Products (IBP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Brokerage firm Deutsche Bank maintains its rating on Installed Building Products (NYSE:IBP). As per the latest information, the brokerage house raises the price target to $35 per share from a prior target of $34. The shares have been rated Buy. The rating by the firm was issued on August 12, 2016.
Installed Building Products (NYSE:IBP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.27 and $33.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.92, notching a gain of 1.62% for the day. The total traded volume was 339,321 . The stock had closed at $33.38 on the previous day.
Installed Building Products, Inc. is a residential insulation installer in the United States. The Companys national platform consists of over 100 locations accessing customers in all 48 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 provides 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 Companys customers include production and custom homebuilders, multi-family and commercial contractors, and homeowners.