Home Analyst Ratings Jefferies upgrades Installed Building Products Inc. to Buy and price target...

Jefferies upgrades Installed Building Products Inc. [IBP] to Buy and price target to $132

Jefferies took its Installed Building Products Inc. [NYSE:IBP]‎ rating to the equivalent of Buy from ‎Hold, ‎and the price target to $132 from $106, ‎in a research note dated January 4, 2021. That figure ‎represents around a 29.37% premium ‎from ‎where the company’s shares closed on Thursday.‎ Other ‎analysts also revised their coverage, with KeyBanc Capital Markets’s analysts upgrading the ‎shares ‎from “a Sector weight” rating to “an Overweight” rating in a research note to investors issued in ‎late ‎October. Meanwhile, The Benchmark Company had lowered its rating on IBP to “Hold” from the ‎earlier ‎‎”Buy”, in a research note produced for clients October 05, 2020. In addition, there was a new ‎coverage ‎from Berenberg on August 19, 2020. The research firm rated IBP “a Buy”.

Get the hottest stocks to trade every day before the market ‎opens 100% ‎free. Click here now. ‎‎

Is Installed Building Products Inc. ‎‎[NYSE:IBP] a Good Buy Right Now?

It should be noted that ‎IBP technical indicators for short, ‎intermediate as well as long term progress have placed an overall ‎average of 100% as Buy. The average ‎signal changed from 88% Buy in the last week and compares with ‎‎40% Buy in the past month. Data ‎from Installed Building Products Inc.’s Trend Spotter indicated that ‎the signals were Weakest. The ‎stock current average is 0.19 million shares in the past 20 days and the ‎short term average signal ‎indicates a 100% Buy. In the last 50 days, the average trading volume was ‎‎0.22 million shares while the ‎medium term average advocated for 100% Buy. The average long-term ‎signal stands at 100% Buy and ‎the 100-day average volume stands at 0.23 million shares.‎‎

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


IBP Price Performance

On Wall ‎Street, Installed Building Products Inc. [NYSE:IBP] finished ‎Thursday’s session down -1.79% at $101.93. ‎The stock went up to $103.77 at the same session while its ‎lowest single day price was $101.04. In the ‎last five days, it saw a fall of about -4.61%, Installed Building ‎Products Inc. shares gained by almost ‎‎48.00% since the beginning of the year. However, the share ‎price has dropped to as low as -16.22% ‎below its one year high. On 10/12/20, the company shares ‎recorded $121.67, the highest single-day ‎price it has got to in the last 52-weeks and a 52-week low was ‎seen on 03/19/20, the same year at ‎‎$29.02. The company’s shares have inclined by 47.60% in the past ‎year. The 50-day SMA achieved is ‎‎$99.26 while the 200-day SMA is $79.38. Volume dropped to 0.13 ‎million from 0.14 million in the ‎previous session.‎‎

Installed Building Products Inc. [IBP] Valuation Measures

Notably, Installed ‎Building ‎Products Inc. [IBP] stock cannot be classified as a good candidate in the listing of ‎underestimated low-‎priced Building Products & Equipment companies to purchase soonest possible ‎with the prevailing 12-‎month PE ratio of 34.25. The measure means the stock is exchanging at a ‎premium as compared to the ‎‎14.40x trailing earnings of the industry. It can be helpful for investors to ‎consider historical price-sales ‎ratio, more specifically, a 1.92 PS value ratio is reported for the last one ‎year of reported earnings. That ‎is higher than the industry average of 0.67 which means IBP serve an ‎unattractive investment ‎opportunity compared to its competitors.‎‎

IBP Stock Support And ‎Resistance Levels

On the 24-hour scale, the immediate backing is ‎perceived around 100.72 level, ‎and in case of violation of this particular level, it will cause more drop to ‎‎99.52 level. On the upper level, ‎‎104.98 is still the key resistance. The stock may increase to the ‎subsequent resistance at 103.45. The ‎Relative Strength Index (RSI) pinned on the 14-day chart is 50.22, ‎implying a neutral technical stance ‎while the MACD stands at -0.48, meaning price will decrease in the ‎next trading period. Percent R ‎indicator moved to 50.17%, implying low price movement. Stochastic %K ‎at 58.60% suggest selling the ‎stock.‎‎

What is the short interest in Installed Building Products Inc.?

Short interest in the ‎Installed ‎Building Products Inc. stock has surged, increasing by 0.22 million shares to total 0.58 million ‎shares on ‎Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.8 million, data from ‎Yahoo ‎Finance shows. The decrease of -37.7% suggests the stock saw some decreased bullish ‎sentiment. The ‎stock’s days to cover (short ratio) moved to while the shorted shares account for just ‎‎3.03% of the ‎overall float for the stock.‎‎

Installed Building Products Inc.’s Biggest Shareholders: ‎Who Owns Installed Building Products Inc. ‎‎[IBP]?

Filings by BlackRock Fund Advisors showed that ‎the firm now holds a total of 3,356,070 ‎shares or roughly 11.26% of the outstanding IBP shares. This ‎means their shares have increased by ‎‎123,118 from the 3,356,070 the investor reportedly held in its ‎prior 13-F filing. With the conclusion of ‎the purchase, The Vanguard Group, Inc. updated stake is worth ‎‎$222,892,562. Details in the latest 13F ‎filings reveal that BAMCO, Inc. acquired their 0.34% stake valued ‎at $204,183,366 while Wellington ‎Management Co. LLP added theirs at $97,297,184. During the last ‎quarter, BAMCO, Inc. raised 7,015 of ‎its shares in Installed Building Products Inc. while Wellington ‎Management Co. LLP bought 1,028 ‎shares. The Dimensional Fund Advisors LP’s holdings currently ‎number 960,820 shares at $97936382.6. ‎According to the firm’s last 13F report, Ivy Investment ‎Management Co. shares in the company at filing ‎stood at 801,709 shares, roughly $79,224,883.‎‎

IBP ‎Earnings Forecast For The Current Quarter

Installed Building Products Inc. [IBP] is ‎expected to ‎report strong earnings results for the quarter ending on Dec 2020. Consensus estimates ‎give the ‎company expected revenues of $446.85M and an earnings per share of $1.23 for Dec 2020. ‎Looking ‎further ahead, the company is expected to report revenue of $454.59M at an EPS of $1.08 for ‎Mar ‎‎2021. The estimates represent upside of 15.00% and 30.38% in the company’s revenue and ‎earnings ‎per share, respectively, on a year-on-year basis.‎‎

Get the hottest stocks to ‎trade every day before the market opens 100% ‎free. Click here ‎now. 

IBP Earnings Estimates For The Current ‎Year

For the financial ‎year, Installed Building Products Inc. [NYSE:IBP] is expected to bring in ‎revenue of $1.66B. The returns ‎are nearly $150.0 million higher than the company’s actual revenue ‎recorded in the fiscal year 2019. In ‎terms of EPS for the 2020, estimate put it at 4.34, higher than that of ‎FY19 by $1.05. Estimates put this ‎year’s earnings growth at 31.90%, 30.40% for the next, and at an ‎annual 36.30% over the next 5-year ‎period. As for sales, forecasts are for an increase of 9.70% in the ‎current fiscal year and a further ‎‎15.00% over the following year.‎

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

Why did Protagenic Therapeutics Inc. (PTIX) stock commence the new week with a negative trend?

Protagenic Therapeutics Inc. (PTIX) shares declined 13.82% in the pre-market on Monday, July 26, 2021, as of this writing. In after-hours on Friday, Protagenic...

Acorda Therapeutics Inc. (ACOR) stock plunged during pre-market. Here’s what you should know.

Acorda Therapeutics Inc. (ACOR) stock rose by 24.15% at the last close whereas the ACOR stock price fell by 9.30% in the pre-market trading...

Why Socket Mobile Inc. (SCKT) stock price faced negativity in the pre-market?

Socket Mobile Inc. (SCKT) shares declined 10.18% in pre-hours to $7.50 per share. On Friday, SCKT's stock gained 43.97% to close Friday's morning session...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...


Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free



Download Free eBook For


100% free. stop anytime no spam