At the time of writing, Installed Building Products Inc [IBP] stock is trading at $196.00, down -1.53%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IBP shares have gain 13.95% over the last week, with a monthly amount glided 0.41%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Installed Building Products Inc [NYSE: IBP] stock has seen the most recent analyst activity on December 16, 2024, when Evercore ISI downgraded its rating to a Underperform and also revised its price target to $206 from $238. Previously, Seaport Research Partners downgraded its rating to Neutral on December 13, 2024. On November 08, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $197 on the stock. DA Davidson started tracking the stock assigning a Buy rating and suggested a price target of $275 on March 05, 2024. JP Morgan downgraded its rating to a Neutral and raised its price target to $242 on February 28, 2024. Loop Capital upgraded its rating to Buy for this stock on January 08, 2024. In a note dated January 04, 2024, Truist downgraded an Hold rating on this stock and boosted its target price from $160 to $200.
For the past year, the stock price of Installed Building Products Inc fluctuated between $169.02 and $281.04. Currently, Wall Street analysts expect the stock to reach $166 within the next 12 months. Installed Building Products Inc [NYSE: IBP] shares were valued at $196.00 at the most recent close of the market. An investor can expect a potential drop of -15.31% based on the average IBP price forecast.
Analyzing the IBP fundamentals
According to Installed Building Products Inc [NYSE:IBP], the company’s sales were 2.91B for trailing twelve months, which represents an 7.66% jump. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.13%, 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 0.37 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.35.
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 192.87 points at the first support level, and at 189.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 201.64, and for the 2nd resistance point, it is at 207.28.
Ratios To Look Out For
It is important to note that Installed Building Products Inc [NYSE:IBP] has a current ratio of 2.99. Further, the Quick Ratio stands at 2.50, while the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 7.70 and price to earnings (TTM) ratio is 21.78.
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.
