Installed Building Products, In with ticker code (IBP) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 155 and 71 with a mean TP of 102. Now with the previous closing price of 97.39 this indicates there is a potential upside of 4.7%. The 50 day MA is 90.3 and the 200 day moving average is 104.95. The market cap for the company is $2,866m. Visit the company website at: https://www.installedbuildingproducts.com
The potential market cap would be $3,002m 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.
