Installed Building Products Inc [IBP] stock is trading at $226.86, up 7.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The IBP shares have gain 13.57% over the last week, with a monthly amount glided 7.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Installed Building Products Inc [NYSE: IBP] stock has seen the most recent analyst activity on March 05, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $275. Previously, JP Morgan downgraded its rating to Neutral on February 28, 2024, and elevated its price target to $242. On January 08, 2024, upgrade upgraded it’s rating to Buy. Truist downgraded its rating to a Hold and increased its price target to $200 on January 04, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $199 on December 14, 2023. Goldman upgraded its rating to Buy for this stock on November 16, 2023, and upped its price target to $178. In a note dated November 09, 2023, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $150 to $165.
Installed Building Products Inc [IBP] stock has fluctuated between $105.31 and $263.76 over the past year. Currently, Wall Street analysts expect the stock to reach $181.25 within the next 12 months. Installed Building Products Inc [NYSE: IBP] shares were valued at $226.86 at the most recent close of the market. An investor can expect a potential drop of -20.1% based on the average IBP price forecast.
Analyzing the IBP fundamentals
Installed Building Products Inc [NYSE:IBP] reported sales of 2.81B for the trailing twelve months, which represents a growth of 5.09%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.39 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 219.52 points at the first support level, and at 212.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 233.55, and for the 2nd resistance point, it is at 240.23.
Ratios To Look Out For
For context, Installed Building Products Inc’s Current Ratio is 3.18. On the other hand, the Quick Ratio is 2.67, and the Cash Ratio is 1.18. Considering the valuation of this stock, the price to sales ratio is 2.28, the price to book ratio is 9.50 and price to earnings (TTM) ratio is 25.67.
Transactions by insiders
Recent insider trading involved Jackson Janet E., Director, that happened on May 20 ’24 when 2122.0 shares were sold. Chief Admin & Sustainability, Niswonger Jason R completed a deal on May 13 ’24 to sell 6000.0 shares. Meanwhile, Chief Accounting Officer FRY TODD R sold 500.0 shares on Mar 11 ’24.
