Are Analysts Bullish about Installed Building Products, Inc. (NYSE:IBP) after last week?

February 15, 2018 - By Stephen Andrade

 Are Analysts Bullish about Installed Building Products, Inc. (NYSE:IBP) after last week?
Investors sentiment decreased to 1.49 in Q3 2017. Its down 0.13, from 1.62 in 2017Q2. It turned negative, as 8 investors sold Installed Building Products, Inc. shares while 45 reduced holdings. 23 funds opened positions while 56 raised stakes. 20.52 million shares or 0.36% less from 20.59 million shares in 2017Q2 were reported.
Hightower Advisors Lc has 0% invested in Installed Building Products, Inc. (NYSE:IBP). Emerald Mutual Fund Advisers Tru reported 574,212 shares stake. Voya Mngmt Limited Liability Corp reported 0% stake. Alps Advsr accumulated 0% or 8,083 shares. Montag A Associates Inc has invested 0.15% in Installed Building Products, Inc. (NYSE:IBP). Hap Trading Limited Co holds 0.03% in Installed Building Products, Inc. (NYSE:IBP) or 10,827 shares. Swiss Fincl Bank has invested 0% in Installed Building Products, Inc. (NYSE:IBP). State Board Of Administration Of Florida Retirement Sys invested in 0% or 8,500 shares. Ls Advsrs Limited Liability Corporation reported 6,205 shares stake. Rk Capital Mgmt Ltd Co stated it has 177,836 shares or 2.68% of all its holdings. Goldman Sachs Group Incorporated Inc stated it has 0% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). Morgan Stanley reported 90,905 shares stake. Renaissance Tech Lc invested 0% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). Manufacturers Life Insur Co The invested in 0% or 62,674 shares. Citigroup Incorporated reported 0% stake.

Since August 15, 2017, it had 0 buys, and 10 selling transactions for $14.68 million activity. $99,660 worth of Installed Building Products, Inc. (NYSE:IBP) shares were sold by Miller Michael Thomas. $220,500 worth of stock was sold by Elliott Jay P. on Thursday, January 25.

Installed Building Products, Inc. (NYSE:IBP) Ratings Coverage

Among 11 analysts covering Installed Building Products (NYSE:IBP), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Installed Building Products had 28 analyst reports since July 30, 2015 according to SRatingsIntel. As per Friday, August 14, the company rating was maintained by UBS. The firm has “Hold” rating given on Tuesday, April 5 by Zelman. SunTrust maintained Installed Building Products, Inc. (NYSE:IBP) rating on Friday, November 3. SunTrust has “Buy” rating and $65.0 target. RBC Capital Markets maintained Installed Building Products, Inc. (NYSE:IBP) on Monday, October 16 with “Buy” rating. The rating was upgraded by SunTrust to “Buy” on Thursday, March 17. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 24. RBC Capital Markets maintained it with “Buy” rating and $75.0 target in Tuesday, November 14 report. RBC Capital Markets maintained Installed Building Products, Inc. (NYSE:IBP) rating on Monday, August 7. RBC Capital Markets has “Outperform” rating and $69 target. The stock of Installed Building Products, Inc. (NYSE:IBP) earned “Buy” rating by Credit Suisse on Tuesday, October 17. The firm earned “Sector Perform” rating on Wednesday, January 27 by KeyBanc Capital Markets. Below is a list of Installed Building Products, Inc. (NYSE:IBP) latest ratings and price target changes.

22/01/2018 Broker: Credit Suisse Rating: Buy New Target: $85.0 Maintain
02/01/2018 Broker: Seaport Global Rating: Buy New Target: $86.0 Maintain
12/12/2017 Broker: Jefferies Rating: Hold New Target: $69.0 Initiate
14/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $75.0 Maintain
06/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $73.0 Maintain
03/11/2017 Broker: SunTrust Rating: Buy New Target: $65.0 Maintain
31/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
17/10/2017 Broker: Credit Suisse Rating: Buy New Target: $73.0 Maintain
16/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $69.0 Maintain
26/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

The stock increased 1.93% or $1.2 during the last trading session, reaching $63.35. About 186,475 shares traded. Installed Building Products, Inc. (NYSE:IBP) has risen 54.12% since February 15, 2017 and is uptrending. It has outperformed by 37.42% the S&P500.

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. The company has market cap of $2.02 billion. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. It has a 48.25 P/E ratio. The firm is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical.

More notable recent Installed Building Products, Inc. (NYSE:IBP) news were published by: Nasdaq.com which released: “Installed Building Products Enters Oversold Territory (IBP)” on February 02, 2018, also Moodys.com with their article: “Moody’s assigns B1 to amended first-lien term loan of Installed Building …” published on December 13, 2017, Businesswire.com published: “Installed Building Products Announces Plans to Reprice Its Existing Term Loan …” on November 15, 2017. More interesting news about Installed Building Products, Inc. (NYSE:IBP) were released by: Seekingalpha.com and their article: “Installed Building Products’ (IBP) CEO Jeff Edwards on Q3 2017 Results …” published on November 03, 2017 as well as Marketwatch.com‘s news article titled: “Installed Building Products Inc.” with publication date: March 11, 2017.

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