Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on UFP Industries (UFPI – Research Report) yesterday and set a price target of $112.00. The company’s shares closed yesterday at $98.50.
According to TipRanks, Elliott is a 5-star analyst with an average return of 13.7% and a 63.10% success rate. Elliott covers the Industrials sector, focusing on stocks such as Builders Firstsource, Timken Company, and UFP Industries.
UFP Industries has an analyst consensus of Moderate Buy, with a price target consensus of $114.00, which is a 15.74% upside from current levels. In a report released yesterday, Benchmark Co. also reiterated a Buy rating on the stock with a $120.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $107.57 and a one-year low of $65.38. Currently, UFP Industries has an average volume of 285.9K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
UFP Industries (UFPI) Company Description:
Universal Forest Products, Inc. operates as a holding company whose subsidiaries supply three robust markets: Retail, Construction and Industrial. It operates through the following segments: North, South, West, All Other, and Corporate. The All Other segment consists of alternative materials, international, idX, and corporate business units. The Corporate segment represents allocated administrative costs, and certain incentive compensation expense. The company was founded in 1955 and is headquartered in Grand Rapids, MI.
Read More on UFPI:
