Installed Building Products (NYSE:IBP) Stock Rating Lowered by Evercore ISI

Installed Building Products (NYSE:IBP) was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “underperform” rating in a report released on Monday, MarketBeat.com reports. They currently have a $206.00 target price on the construction company’s stock, down from their prior target price of $238.00. Evercore ISI’s price target points to a potential upside of 7.31% from the company’s current price.

IBP has been the topic of several other reports. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Jefferies Financial Group boosted their price target on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. DA Davidson dropped their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $247.10.

Installed Building Products Stock Performance

IBP opened at $191.98 on Monday. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 21.33 and a beta of 1.93. The firm’s fifty day simple moving average is $222.97 and its two-hundred day simple moving average is $222.87. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products has a 52-week low of $168.08 and a 52-week high of $281.04.

Institutional Investors Weigh In On Installed Building Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Installed Building Products during the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. increased its holdings in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. CWM LLC raised its position in Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 shares during the period. Advisors Asset Management Inc. lifted its stake in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after buying an additional 286 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Company Profile

Installed Building Products, Inc, 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 United States. It operates through Installation, Distribution, and Manufacturing operation segments.