UFP Technologies, Inc. (NASDAQ:UFPT) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for 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 target price of $30.00 for the company and are predicting 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 71 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th.
Shares of UFP Technologies (NASDAQ:UFPT) traded up $0.45 during trading hours on Monday, hitting $26.80. The company had a trading volume of 10,500 shares, compared to its average volume of 21,913. The firm has a market cap of $194.77, a P/E ratio of 24.59 and a beta of 0.18. UFP Technologies has a 1 year low of $22.95 and a 1 year high of $31.50.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). The business had revenue of $35.68 million for the quarter, compared to analyst estimates of $38.70 million. UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. equities analysts predict that UFP Technologies will post 1.12 earnings per share for the current fiscal year.
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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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