Installed Building Products, Inc. (IBP)
NYSE: IBP · IEX Real-Time Price · USD
221.34
-3.25 (-1.45%)
At close: Apr 19, 2024, 4:00 PM
221.56
+0.22 (0.10%)
After-hours: Apr 19, 2024, 5:09 PM EDT
IBP Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for IBP stock have an average target of 216, with a low estimate of 150 and a high estimate of 275. The average target predicts a decrease of -2.41% from the current stock price of 221.34.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for IBP stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 3 | 4 | 4 |
| Buy | 1 | 2 | 2 | 1 | 1 | 1 |
| Hold | 4 | 4 | 5 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 11 | 11 | 10 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $226 → $272 | Buy | Maintains | $226 → $272 | +22.89% | Apr 2, 2024 |
| DA Davidson | DA Davidson | Strong Buy Initiates $275 | Strong Buy | Initiates | $275 | +24.24% | Mar 5, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $199 → $242 | Buy → Hold | Downgrades | $199 → $242 | +9.33% | Feb 28, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $188 → $216 | Hold | Maintains | $188 → $216 | -2.41% | Feb 23, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $165 → $226 | Buy | Maintains | $165 → $226 | +2.11% | Feb 23, 2024 |
Financial Forecast
Revenue This Year
3.05B
from 2.78B
Increased by 9.66%
Revenue Next Year
3.25B
from 3.05B
Increased by 6.79%
EPS This Year
11.90
from 8.61
Increased by 38.24%
EPS Next Year
13.09
from 11.90
Increased by 9.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.3B | 3.5B | 3.8B |
| Avg | 3.0B | 3.3B | 3.6B |
| Low | 2.8B | 3.0B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 17.1% | 16.4% | 16.2% |
| Avg | 9.7% | 6.8% | 11.7% |
| Low | 2.5% | -1.9% | 8.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.39 | 14.70 | 16.28 |
| Avg | 11.90 | 13.09 | 15.66 |
| Low | 9.72 | 11.17 | 15.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 55.5% | 23.5% | 24.3% |
| Avg | 38.2% | 10.0% | 19.6% |
| Low | 12.9% | -6.1% | 16.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.