In recent analyst activity, Loop Capital has maintained its "Buy" rating for Installed Building Products (IBP, Financial). The firm continues to show confidence in the company's performance and potential for future growth.
However, Loop Capital has adjusted its price target for IBP, lowering it from $210.00 to $200.00. This represents a 4.76% decrease from the prior target. The adjustment was made by analyst Jeffrey Stevenson, reflecting a recalibration in expected valuation.
Investors should note the maintained "Buy" rating, indicating a positive long-term outlook for Installed Building Products (IBP, Financial) despite the revised price target. The updated target price remains in USD and reflects current market conditions and expectations.
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 $189.45 with a high estimate of $260.00 and a low estimate of $145.00. The average target implies an upside of 13.79% from the current price of $166.49. 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 $159.76, suggesting a downside of 4.04% from the current price of $166.49. 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.
