Unique Fabricating Inc (UFAB) Receives Average Rating of “Strong Buy” from Analysts

Unique Fabricating Inc (UFAB) Receives Average Rating of “Strong Buy” from Analysts

Brokers have set a 12 month consensus price target of $14.38 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Unique Fabricating an industry rank of 30 out of 265 based on the ratings given to its competitors.

Unique Fabricating Inc (NASDAQ:UFAB) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

A number of equities research analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating and set a $13.75 target price on shares of Unique Fabricating in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Unique Fabricating from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th.

Shares of Unique Fabricating (NASDAQ:UFAB) traded up 3.57% during mid-day trading on Friday, hitting $9.29. 28,195 shares of the stock were exchanged. The company’s 50-day moving average is $11.07 and its 200-day moving average is $12.51. The firm has a market cap of $90.62 million and a price-to-earnings ratio of 13.27. Unique Fabricating has a 1-year low of $8.90 and a 1-year high of $15.93.

Unique Fabricating (NASDAQ:UFAB) last announced its earnings results on Wednesday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $47.86 million for the quarter, compared to analyst estimates of $46.89 million. Equities research analysts anticipate that Unique Fabricating will post $0.91 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Wednesday, June 7th. Shareholders of record on Wednesday, May 31st will be given a $0.15 dividend. The ex-dividend date is Friday, May 26th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UFAB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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