Alert: Positive Investment/Fundamental Signals (11/15/22)-Universal Forest Products Inc (NASDAQ: UFPI)


Extremely important positive changes in investment behavior have recently occurred for Universal Forest Products Inc (NASDAQ: UFPI): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Important positive changes in Universal Forest Products Inc (NASDAQ: UFPI) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

UFPI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

UFPI has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. UFPI has a slightly positive Power Rating of 63 and a good Appreciation Score of 77, with the Positive Value Trend Rating the result.

Recent Price Action

On 11/15/22, Universal Forest Products Inc (NASDAQ: UFPI) stock increased 1.5%, closing at $79.28. However, trading volume in this advance was exceptionally low at 50% of normal. The stock has risen 12.9% during the last week and has been strong relative to the market over the last nine months.

About John Lafferty 122561 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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