Zacks: UFP Technologies, Inc. (UFPT) Given Consensus Rating of “Strong Buy” by Brokerages
UFP Technologies, Inc. (NASDAQ:UFPT) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $30.00 for the company and are anticipating that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 69 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, August 29th.
UFP Technologies (NASDAQ:UFPT) traded down $0.15 during midday trading on Wednesday, hitting $27.40. 5,241 shares of the company traded hands, compared to its average volume of 15,077. UFP Technologies has a twelve month low of $22.95 and a twelve month high of $31.50. The company has a market capitalization of $200.22, a PE ratio of 25.27 and a beta of 0.13.
UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.13). UFP Technologies had a net margin of 5.43% and a return on equity of 6.83%. The company had revenue of $35.68 million during the quarter, compared to the consensus estimate of $38.70 million. research analysts predict that UFP Technologies will post 1.12 EPS for the current year.
About UFP Technologies
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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