While Installed Building Products Inc has underperformed by -2.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IBP rose by 87.11%, with highs and lows ranging from $281.04 to $114.49, whereas the simple moving average jumped by 0.50% in the last 200 days.
On March 05, 2024, DA Davidson started tracking Installed Building Products Inc (NYSE: IBP) recommending Buy. A report published by JP Morgan on February 28, 2024, Downgraded its rating to ‘Neutral’ for IBP. Truist January 04, 2024d the rating to Hold on January 04, 2024, and set its price target from $160 to $200. JP Morgan December 14, 2023d its ‘Neutral’ rating to ‘Overweight’ for IBP, as published in its report on December 14, 2023. Goldman’s report from November 16, 2023 suggests a price prediction of $178 for IBP shares, giving the stock a ‘Buy’ rating. Evercore ISI also rated the stock as ‘Outperform’.
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Analysis of Installed Building Products Inc (IBP)
With IBP’s current dividend of $1.38 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 6.57%, showing a positive trend in the upcoming months.
Installed Building Products Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 40.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and IBP has an average volume of 259.42K. On a monthly basis, the volatility of the stock is set at 3.72%, whereas on a weekly basis, it is put at 4.80%, with a gain of 4.78% over the past seven days. Furthermore, long-term investors anticipate a median target price of $254.00, showing growth from the present price of $227.69, which can serve as yet another indication of whether IBP is worth investing in or should be passed over.
How Do You Analyze Installed Building Products Inc Shares?
Residential Construction giant Installed Building Products Inc (IBP) is based in the USA and is one of the largest companies in the market. When comparing Installed Building Products Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 25.41, there is a growth in quarterly earnings of 5.68%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 16.32%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IBP shares are owned by institutional investors to the tune of 90.37% at present.
