Installed Building Products, In found using ticker (IBP) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 166 and 133 calculating the mean target price we have 147.8. Now with the previous closing price of 111.38 this would imply there is a potential upside of 32.7%. The 50 day moving average now sits at 127.97 while the 200 day moving average is 122.44. The market cap for the company is $3,291m. You can visit the company’s website by visiting: https://www.installedbuildingproducts.com
The potential market cap would be $4,367m 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. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. The company 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, it installs a range of advanced caulk and sealant products that control air infiltration in residential and commercial buildings, as well as moisture protection systems. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors through a network of approximately 190 branch locations. The company was formerly known as CCIB Holdco Installed Building Products was founded in 1977 and is headquartered in Columbus, Ohio.
