Shares of Unique Fabricating Inc (NASDAQ:UFAB) have received an average broker rating score of 1.33 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have given a strong buy rating to the company.
Brokerages have set a 12-month consensus target price of $12.00 for the company and are expecting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Unique Fabricating an industry rank of 25 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $12.00 price target on shares of Unique Fabricating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Unique Fabricating from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet downgraded shares of Unique Fabricating from a “c-” rating to a “d+” rating in a research note on Wednesday, August 16th. Finally, Roth Capital set a $11.00 price target on shares of Unique Fabricating and gave the company a “buy” rating in a research note on Tuesday, August 8th.
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Unique Fabricating (NASDAQ:UFAB) opened at 8.73 on Friday. Unique Fabricating has a 52 week low of $7.10 and a 52 week high of $15.25. The company has a market capitalization of $85.17 million and a P/E ratio of 10.78. The firm has a 50 day moving average of $8.21 and a 200-day moving average of $9.23.
Unique Fabricating (NASDAQ:UFAB) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%. The company had revenue of $44.52 million during the quarter, compared to analyst estimates of $46.47 million. On average, analysts forecast that Unique Fabricating will post $0.74 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management bought a new position in Unique Fabricating in the 2nd quarter valued at approximately $120,000. LMR Partners LLP bought a new position in Unique Fabricating in the 2nd quarter valued at approximately $167,000. Susquehanna International Group LLP bought a new position in Unique Fabricating in the 2nd quarter valued at approximately $216,000. Kennedy Capital Management Inc. raised its holdings in Unique Fabricating by 47.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 175,282 shares of the company’s stock valued at $1,669,000 after buying an additional 56,799 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Unique Fabricating by 50.9% in the 2nd quarter. Vanguard Group Inc. now owns 178,448 shares of the company’s stock valued at $1,699,000 after buying an additional 60,194 shares during the last quarter.
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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