In the latest analyst update, Benchmark has adjusted its price target for Installed Building Products (IBP, Financial), a leading company in the building products industry. The price target has been reduced from $210.00 to $185.00, reflecting an 11.90% decrease.
The current analyst, Reuben Garner, has decided to maintain the "Buy" rating for IBP despite the lowered price target. This indicates that while the anticipated price of IBP shares has been adjusted downward, the overall outlook on the stock's performance remains positive.
This adjustment comes as part of a regular review and reflects changing market conditions and company performance metrics analyzed by Benchmark. Investors are advised to consider these changes as part of their investment decisions in the building products sector involving IBP.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Installed Building Products Inc (IBP, Financial) is $195.91 with a high estimate of $260.00 and a low estimate of $145.00. The average target implies an upside of 21.76% from the current price of $160.90. More detailed estimate data can be found on the Installed Building Products Inc (IBP) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Installed Building Products Inc's (IBP, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Installed Building Products Inc (IBP, Financial) in one year is $154.43, suggesting a downside of 4.02% from the current price of $160.895. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Installed Building Products Inc (IBP) Summary page.
