Installed Building Products, In with ticker code (IBP) now have 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 143 and 85 calculating the average target price we see $112.78. Given that the stocks previous close was at $111.55 this would imply there is now a potential upside of 1.1%. It’s also worth noting that there is a 50 day moving average of $111.23 and the 200 day MA is $95.05. The company has a market capitalization of $3,151m. Visit the company website at: https://www.installedbuildingproducts.com
The potential market cap would be $3,186m based on the market consensus.
Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. The company offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. It is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical applications. In addition, the company installs a range of caulk and sealant products that control air infiltration in residential and commercial buildings; and waterproofing options, including sheet and hot applied waterproofing membranes, as well as deck coating, bentonite, and air and vapor systems. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is based in Columbus, Ohio.
The company has a dividend yield of 1.22% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 14.25, revenue per share of 93 and a 12.13% return on assets.
