Deutsche Bank (DE:DBKGn) analyst Seldon Clarke maintained a Buy rating on Installed Building Products (NYSE:IBP) on Tuesday, setting a price target of $110, which is approximately 16.22% above the present share price of $94.65.
Clarke expects Installed Building Products to post earnings per share (EPS) of $0.86 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Installed Building Products, with an average price target of $93.64.
The analysts price targets range from a high of $115 to a low of $63.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $393.94 million and a net profit of $42.34 million. The company's market cap is $2.91 billion.
According to TipRanks.com, Deutsche Bank analyst Seldon Clarke is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 18.5% and a 71.43% 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.