Installed Building Products, In with ticker code (IBP) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 155 and 81 and has a mean target at 112.88. Given that the stocks previous close was at 105.26 this is indicating there is a potential upside of 7.2%. There is a 50 day moving average of 92.02 while the 200 day moving average is 104.09. The company has a market capitalisation of $2,989m. Company Website: https://www.installedbuildingproducts.com
The potential market cap would be $3,205m 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.
