Unique Fabricating (NYSEAMERICAN:UFAB) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage presently has a $9.25 price target on the auto parts company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.18% from the company’s current price.
According to Zacks, “Unique Fabricating, Inc. is a supplier of components in the automotive and industrial appliance market. The Company’s solutions comprised of multi-material foam, rubber and plastic components for noise, vibration and harshness management, acoustical management, water and air sealing, decorative and other functional applications. Its processes include die cutting, thermoforming, compression molding, fusion molding and assembly. The company operates primarily in Auburn Hills, Michigan, LaFayette, Georgia and Monterrey, Mexico. Unique Fabricating, Inc. is headquartered in Auburn Hills, Michigan. “
Separately, TheStreet raised Unique Fabricating from a “d+” rating to a “c-” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $10.75.
Unique Fabricating (UFAB) traded up $0.11 during midday trading on Tuesday, reaching $8.32. The company had a trading volume of 46,679 shares, compared to its average volume of 7,928. Unique Fabricating has a fifty-two week low of $7.05 and a fifty-two week high of $12.21. The firm has a market capitalization of $78.36 and a PE ratio of 13.21.
Unique Fabricating (NYSEAMERICAN:UFAB) last released its earnings results on Thursday, March 8th. The auto parts company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. Unique Fabricating had a return on equity of 5.67% and a net margin of 1.73%. The business had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $41.31 million.
A number of institutional investors have recently made changes to their positions in UFAB. Pacific Ridge Capital Partners LLC grew its stake in Unique Fabricating by 60.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 470,536 shares of the auto parts company’s stock valued at $3,491,000 after acquiring an additional 177,566 shares during the period. Weber Alan W grew its stake in Unique Fabricating by 42.7% in the fourth quarter. Weber Alan W now owns 88,100 shares of the auto parts company’s stock valued at $654,000 after acquiring an additional 26,371 shares during the period. Royce & Associates LP grew its stake in Unique Fabricating by 3.3% in the fourth quarter. Royce & Associates LP now owns 583,141 shares of the auto parts company’s stock valued at $4,327,000 after acquiring an additional 18,752 shares during the period. Perritt Capital Management Inc. grew its stake in Unique Fabricating by 25.0% in the fourth quarter. Perritt Capital Management Inc. now owns 75,000 shares of the auto parts company’s stock valued at $557,000 after acquiring an additional 15,000 shares during the period. Finally, Connors Investor Services Inc. grew its stake in Unique Fabricating by 47.9% in the fourth quarter. Connors Investor Services Inc. now owns 41,669 shares of the auto parts company’s stock valued at $309,000 after acquiring an additional 13,498 shares during the period.
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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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