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Installed Building Products (IBP) Stock Forecast & Price Target

$247.70
+13.39 (+5.71%)
(As of 02:24 PM ET)

Installed Building Products - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 10 Wall Street analysts who have issued ratings for Installed Building Products in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, and 6 have given a buy rating for IBP.

Consensus Price Target

$234.70
-5.25% Downside
High Forecast$282.00
Average Forecast$234.70
Low Forecast$140.00

According to the 10 analysts' twelve-month price targets for Installed Building Products, the average price target is $234.70. The highest price target for IBP is $282.00, while the lowest price target for IBP is $140.00. The average price target represents a forecasted downside of -5.25% from the current price of $247.70.

TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
1 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$234.70$229.30$208.40$126.00
Forecasted Upside-5.25% Downside7.63% Upside6.62% Upside14.38% Upside
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IBP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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IBP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Installed Building Products Stock vs. The Competition

TypeInstalled Building ProductsConstruction CompaniesS&P 500
Consensus Rating Score
2.60
2.57
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-4.30% Downside29.74% Upside8.11% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Evercore ISI
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$274.00 ➝ $282.00+19.65%
7/10/2024The Goldman Sachs Group
2 of 5 stars
 Lower TargetBuy ➝ Buy$300.00 ➝ $260.00+25.74%
5/14/2024Benchmark
2 of 5 stars
 Boost TargetBuy ➝ Buy$250.00 ➝ $270.00+17.36%
5/13/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$242.00 ➝ $227.00-2.61%
5/10/2024Loop Capital
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 Boost TargetBuy ➝ Buy$250.00 ➝ $270.00+15.56%
5/10/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$216.00 ➝ $220.00-5.82%
3/5/2024DA Davidson
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 Initiated CoverageBuy$275.00+14.06%
2/23/2024Truist Financial
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 Boost TargetHold ➝ Hold$200.00 ➝ $235.00+5.42%
10/12/2023Jefferies Financial Group
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 Lower Target$166.00 ➝ $140.00+13.47%
8/3/2023Stephens
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 Boost TargetEqual Weight ➝ Equal Weight$140.00 ➝ $168.00+10.69%
8/1/2023Seaport Res Ptn
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K. Zener
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Reiterated RatingBuy
5/3/2023BTIG Research
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 Initiated CoverageNeutral
1/10/2023Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$90.00 ➝ $124.00+33.71%
10/20/2022Credit Suisse Group
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 Lower Target$98.00+25.54%
8/5/2022Zelman & Associates
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 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:46 PM ET.

IBP Forecast - Frequently Asked Questions

What is Installed Building Products' forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Installed Building Products is $234.70, with a high forecast of $282.00 and a low forecast of $140.00.

Should I buy or sell Installed Building Products stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Installed Building Products in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IBP shares.

Does Installed Building Products's stock price have much upside?

According to analysts, Installed Building Products's stock has a predicted upside of 8.75% based on their 12-month stock forecasts.

What analysts cover Installed Building Products?

Installed Building Products has been rated by research analysts at Benchmark, Evercore ISI, JPMorgan Chase & Co., Loop Capital, Royal Bank of Canada, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Installed Building Products more than its competitors?

Analysts like Installed Building Products more than other "construction" companies. The consensus rating score for Installed Building Products is 2.60 while the average consensus rating score for "construction" companies is 2.57. Learn more on how IBP compares to other companies.


This page (NYSE:IBP) was last updated on 7/16/2024 by MarketBeat.com Staff

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