RBC Capital analyst Michael Dahl maintained a Hold rating on Installed Building Products (IBP – Research Report) on January 12 and set a price target of $188.00. The company’s shares closed last Friday at $186.66.
Dahl covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Lennar, and Mohawk. According to TipRanks, Dahl has an average return of 5.4% and a 56.73% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Installed Building Products with a $192.33 average price target, a 3.04% upside from current levels. In a report released on January 4, Truist Financial also downgraded the stock to a Hold with a $200.00 price target.
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The company has a one-year high of $189.07 and a one-year low of $96.00. Currently, Installed Building Products has an average volume of 233.5K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBP in relation to earlier this year.
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Installed Building Products (IBP) Company Description:
Installed Building Products, Inc. engages in the business of installing insulation for the residential new construction market. Its products include garage doors, rain gutters, shower doors, closet shelving, and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.
Read More on IBP:
- Installed Building Products price target raised to $205 from $135 at Loop Capital
- Installed Building Products downgraded to Hold from Buy at Truist
- Installed Building Products just upgraded at JPMorgan, here’s why
- Installed Building Products acquires Combee Insulation, terms not disclosed
- Installed Building Products price target raised by $9 at Deutsche Bank, here’s why
