Installed Building Products, In with ticker code (IBP) have now 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 143 and 85 with the average target price sitting at $112.22. Given that the stocks previous close was at $108.72 this is indicating there is a potential upside of 3.2%. The 50 day MA is $109.16 and the 200 day MA is $93.40. The company has a market cap of $2,998m. You can visit the company’s website by visiting: https://www.installedbuildingproducts.com
The potential market cap would be $3,095m 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 1.26% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 13.06, revenue per share of 93 and a 12.13% return on assets.
