Unique Fabricating (UFAB) Given a $7.00 Price Target at B. Riley

Unique Fabricating (NYSEAMERICAN:UFAB) has been given a $7.00 price objective by analysts at B. Riley in a research note issued to investors on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. B. Riley’s price objective indicates a potential upside of 119.44% from the company’s current price.

Separately, Zacks Investment Research lowered Unique Fabricating from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th.

UFAB stock traded down $0.10 on Thursday, reaching $3.19. The company had a trading volume of 4,433 shares, compared to its average volume of 12,843. Unique Fabricating has a 1 year low of $3.13 and a 1 year high of $9.70.

Unique Fabricating (NYSEAMERICAN:UFAB) last posted its earnings results on Thursday, May 9th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The company had revenue of $39.47 million during the quarter, compared to analysts’ expectations of $44.14 million.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC increased its holdings in Unique Fabricating by 20.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 614,054 shares of the auto parts company’s stock valued at $2,757,000 after purchasing an additional 103,427 shares in the last quarter. Royce & Associates LP increased its holdings in Unique Fabricating by 5.7% in the 1st quarter. Royce & Associates LP now owns 583,841 shares of the auto parts company’s stock valued at $2,621,000 after purchasing an additional 31,600 shares in the last quarter. First Wilshire Securities Management Inc. increased its holdings in Unique Fabricating by 72.7% in the 4th quarter. First Wilshire Securities Management Inc. now owns 295,310 shares of the auto parts company’s stock valued at $1,246,000 after purchasing an additional 124,310 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Unique Fabricating by 1.5% during the third quarter. Vanguard Group Inc now owns 209,102 shares of the auto parts company’s stock valued at $1,694,000 after acquiring an additional 3,100 shares in the last quarter.

Unique Fabricating Company Profile

Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.

Featured Story: Understanding Average Daily Trade Volume

Receive News & Ratings for Unique Fabricating Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unique Fabricating and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply