SunTrust Robinson Thinks Installed Building Products’ Stock is Going to Recover


In a report released yesterday, Keith Hughes from SunTrust Robinson reiterated a Buy rating on Installed Building Products (NYSE: IBP), with a price target of $68. The company’s shares opened today at $52.05, close to its 52-week low of $51.30.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 20.5% and a 68.4% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Armstrong Ind, and TopBuild Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Installed Building Products with a $68.33 average price target, representing a 31.3% upside. In a report issued on July 20, Jefferies also reiterated a Buy rating on the stock with a $74 price target.

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Installed Building Products’ market cap is currently $1.65B and has a P/E ratio of 40.38. The company has a Price to Book ratio of 8.33.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.

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Installed Building Products, Inc. engages in the business of installing insulation for the residential new construction market. Its products include garage doors, rain gutters, shower doors, closet shelving, and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.

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