Zacks: Unique Fabricating Inc (UFAB) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Unique Fabricating Inc (NASDAQ:UFAB) has been given a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.
Analysts have set a one year consensus target price of $11.75 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Unique Fabricating an industry rank of 45 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on UFAB shares. Roth Capital set a $11.00 target price on shares of Unique Fabricating and gave the company a “buy” rating in a research note on Tuesday, August 8th. TheStreet downgraded shares of Unique Fabricating from a “c-” rating to a “d+” rating in a research note on Wednesday, August 16th. B. Riley restated a “buy” rating and issued a $12.00 target price on shares of Unique Fabricating in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of Unique Fabricating from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th.
Shares of Unique Fabricating (UFAB) traded up $0.07 during mid-day trading on Friday, hitting $7.81. 3,073 shares of the stock traded hands, compared to its average volume of 14,565. Unique Fabricating has a fifty-two week low of $7.05 and a fifty-two week high of $15.93.
Unique Fabricating (NASDAQ:UFAB) last announced its earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $41.23 million during the quarter, compared to analysts’ expectations of $42.68 million. Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 30th will be given a $0.15 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 7.68%.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management bought a new position in Unique Fabricating in the 2nd quarter valued at about $120,000. LMR Partners LLP bought a new position in Unique Fabricating in the 2nd quarter valued at about $167,000. Susquehanna International Group LLP bought a new position in Unique Fabricating in the 2nd quarter valued at about $216,000. Wasatch Advisors Inc. boosted its position in shares of Unique Fabricating by 16.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 148,756 shares of the company’s stock valued at $1,257,000 after purchasing an additional 20,756 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Unique Fabricating by 47.9% in the second quarter. Kennedy Capital Management Inc. now owns 175,282 shares of the company’s stock worth $1,669,000 after buying an additional 56,799 shares during the period.
About Unique Fabricating
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.
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