Installed Building Products Inc (NYSE: IBP) has reported earnings for its third fiscal quarter (ending September 30) of $2.45 versus $2.41 for the same period a year ago — an increase of 2%. For the latest four quarters through September 30, E.P.S. were $9.05 versus $8.78 for the same period a year ago — an increase of 3%.
Recent Price Action
Installed Building Products Inc (NYSE: IBP) stock closed at $217.27 on 11/7/24 after a decline of -4.6%. Moreover, exceptionally high trading volume at 206% of normal accompanied the decline. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, IBP is expected to continue to be a major Value Builder.
Installed Building Products has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Installed Building Products has a neutral Appreciation Score of 50 and a neutral Power Rating of 58, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment