Zacks: UFP Technologies Inc. (UFPT) Given Consensus Recommendation of “Strong Buy” by Brokerages
Shares of UFP Technologies Inc. (NASDAQ:UFPT) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $30.00 for the company and are forecasting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 192 out of 265 based on the ratings given to related companies.
A number of research firms recently commented on UFPT. Zacks Investment Research raised UFP Technologies from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Saturday, September 17th. TheStreet raised UFP Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 19th.
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Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $190,000. Teachers Advisors Inc. bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $223,000. Schwab Charles Investment Management Inc. bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $224,000. California State Teachers Retirement System bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $303,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of UFP Technologies by 10.8% in the second quarter. Alambic Investment Management L.P. now owns 22,277 shares of the company’s stock valued at $502,000 after buying an additional 2,172 shares during the last quarter. Institutional investors and hedge funds own 65.68% of the company’s stock.
Shares of UFP Technologies (NASDAQ:UFPT) traded down 0.211% on Monday, hitting $26.025. 9,603 shares of the stock traded hands. UFP Technologies has a 1-year low of $20.40 and a 1-year high of $27.35. The stock has a 50 day moving average of $25.99 and a 200-day moving average of $23.61. The stock has a market cap of $187.20 million, a PE ratio of 25.267 and a beta of 0.54.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.19. The company earned $37.90 million during the quarter, compared to analysts’ expectations of $36.50 million. UFP Technologies had a net margin of 5.31% and a return on equity of 7.23%. On average, equities research analysts expect that UFP Technologies will post $1.35 EPS for the current year.
UFP Technologies Company Profile
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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