Unique Fabricating Inc (UFAB) Given $12.00 Average Target Price by Brokerages
Shares of Unique Fabricating Inc (NASDAQ:UFAB) have been given an average broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus price target of $12.00 for the company and are expecting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also given Unique Fabricating an industry rank of 35 out of 265 based on the ratings given to its competitors.
UFAB has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Unique Fabricating from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Roth Capital set a $11.00 price target on Unique Fabricating and gave the stock a “buy” rating in a research report on Tuesday, August 8th. TheStreet downgraded Unique Fabricating from a “c-” rating to a “d+” rating in a research report on Wednesday, August 16th. Finally, B. Riley restated a “buy” rating and issued a $12.00 price target on shares of Unique Fabricating in a research report on Sunday, August 13th.
Unique Fabricating (NASDAQ:UFAB) last posted its earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%. The business had revenue of $44.52 million during the quarter, compared to analysts’ expectations of $46.47 million.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. LMR Partners LLP bought a new stake in shares of Unique Fabricating during the second quarter worth $167,000. Royce & Associates LP lifted its position in shares of Unique Fabricating by 56.6% during the second quarter. Royce & Associates LP now owns 564,389 shares of the company’s stock worth $5,373,000 after purchasing an additional 203,900 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Unique Fabricating by 59.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 186,790 shares of the company’s stock worth $1,778,000 after purchasing an additional 69,518 shares during the last quarter. LSV Asset Management bought a new stake in shares of Unique Fabricating during the second quarter worth $120,000. Finally, Kennedy Capital Management Inc. lifted its position in shares of Unique Fabricating by 47.9% during the second quarter. Kennedy Capital Management Inc. now owns 175,282 shares of the company’s stock worth $1,669,000 after purchasing an additional 56,799 shares during the last quarter.
Unique Fabricating Company Profile
Unique Fabricating, Inc is a United States-based company, which is engaged in the engineering and manufacturing of components for customers in the automotive and industrial appliance market. The Company offers various solutions, which consist of multi-material foam, rubber and plastic components. The Company’s fabricating capabilities include foam fabricating; foam die cutting; multi-layer die cutting; precision high-speed cutting; kiss cutting; fusion molding; vacuum forming; twin-sheet thermoforming; compression molding precision original equipment manufacturing (OEM) parts; non-metallic materials die cutting/fabrication; sound control parts, and soundproofing materials.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Unique Fabricating Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unique Fabricating Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.