UFP Technologies, Inc. (UFPT) Receives Consensus Rating of “Strong Buy” from 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 cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $30.00 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned UFP Technologies an industry rank of 33 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded UFP Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd.
UFP Technologies (UFPT) traded up $0.75 during trading on Monday, hitting $29.25. The stock had a trading volume of 11,354 shares, compared to its average volume of 13,751. The company has a market capitalization of $207.13, a price-to-earnings ratio of 23.21 and a beta of 0.16. UFP Technologies has a twelve month low of $24.00 and a twelve month high of $31.50.
UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. The business had revenue of $37.22 million for the quarter, compared to analyst estimates of $36.00 million. UFP Technologies had a return on equity of 7.78% and a net margin of 6.23%. equities analysts expect that UFP Technologies will post 1.76 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for UFP Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies and related companies with MarketBeat.com's FREE daily email newsletter.