Jefferies (NYSE:JEF) analyst Philip Ng maintained a Buy rating on Installed Building Products (NYSE:IBP) on Friday, setting a price target of $152, which is approximately 32.16% above the present share price of $115.01.
Ng expects Installed Building Products to post earnings per share (EPS) of $0.59 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Installed Building Products, with an average price target of $142.75.
The analysts price targets range from a high of $156 to a low of $130.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $437.07 million and a net profit of $31.1 million. The company's market cap is $3.42 billion.
According to TipRanks.com, Jefferies analyst Philip Ng is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.9% and a 71.76% success rate.
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.