Installed Building Products, In with ticker code (IBP) now have 10 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 155 and 81 calculating the average target price we see 112.1. Given that the stocks previous close was at 92.3 this would indicate that there is a potential upside of 21.5%. The 50 day moving average now sits at 93.92 and the 200 day moving average is 102.36. The company has a market capitalisation of $2,603m. Company Website: https://www.installedbuildingproducts.com
The potential market cap would be $3,162m based on the market concensus.
Installed Building Products, 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 through a network of approximately 210 branch locations. The company was formerly known as CCIB Holdco Installed Building Products was founded in 1977 and is based in Columbus, Ohio.
