UFP Technologies, Inc. (NASDAQ:UFPT) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $41.00 for the company and are expecting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 162 out of 255 based on the ratings given to related companies.
A number of brokerages have commented on UFPT. ValuEngine raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. BidaskClub cut shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, Zacks Investment Research cut shares of UFP Technologies from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research report on Thursday, December 6th.
Several hedge funds and other institutional investors have recently made changes to their positions in UFPT. AltraVue Capital LLC acquired a new position in shares of UFP Technologies during the fourth quarter valued at about $3,404,000. Vanguard Group Inc raised its holdings in shares of UFP Technologies by 18.8% during the third quarter. Vanguard Group Inc now owns 376,971 shares of the industrial products company’s stock valued at $13,854,000 after purchasing an additional 59,576 shares during the period. Vanguard Group Inc. raised its holdings in shares of UFP Technologies by 18.8% during the third quarter. Vanguard Group Inc. now owns 376,971 shares of the industrial products company’s stock valued at $13,854,000 after purchasing an additional 59,576 shares during the period. Acuitas Investments LLC raised its holdings in shares of UFP Technologies by 52.8% during the third quarter. Acuitas Investments LLC now owns 119,933 shares of the industrial products company’s stock valued at $4,408,000 after purchasing an additional 41,456 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of UFP Technologies by 7.3% during the third quarter. Dimensional Fund Advisors LP now owns 264,570 shares of the industrial products company’s stock valued at $9,722,000 after purchasing an additional 17,916 shares during the period. Hedge funds and other institutional investors own 69.28% of the company’s stock.
Shares of UFP Technologies stock remained flat at $$34.00 during trading on Friday. 43,596 shares of the company traded hands, compared to its average volume of 17,727. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.23. UFP Technologies has a one year low of $27.80 and a one year high of $39.98. The company has a market capitalization of $246.97 million, a PE ratio of 16.19 and a beta of 0.48.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The business had revenue of $50.70 million for the quarter, compared to analysts’ expectations of $48.00 million. UFP Technologies had a net margin of 7.51% and a return on equity of 11.89%. As a group, equities research analysts anticipate that UFP Technologies will post 2.71 EPS for the current year.
About UFP Technologies
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.
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