DA Davidson Analysts Downgrade Universal Forest Products, Inc. (UFPI) Shares to "Underperform"
Friday, July 15, 2021 2:11 PM

Equities research analysts at DA Davidson downgraded shares of Universal Forest Products, Inc. (NASDAQ: UFPI) from a "neutral" rating to an "underperform" rating in a research note to investors on Friday.

Separately, analysts at Zacks Investment Research downgraded shares of Universal Forest Products, Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Tuesday, February 22nd. They now have a $32.00 price target on the stock. Also, analysts at Sidoti downgraded shares of Universal Forest Products, Inc. from a "buy" rating to a "neutral" rating in a research note to investors on Monday, January 3rd.

Shares of Universal Forest Products, Inc. traded down 0.51% during mid-day trading on Monday, hitting $28.98. Universal Forest Products, Inc. has a 52 week low of $23.14 and a 52 week high of $39.84. The stock's 50-day moving average is $26.29 and its 200-day moving average is $33.15. The company has a market cap of $565.8 million and a price-to-earnings ratio of 44.61.

Universal Forest Products, Inc. last announced its quarterly results on Wednesday, July 13rd. The company reported $0.33 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.15 EPS by $0.18. The company’s quarterly revenue was down 14.8% on a year-over-year basis. On average, analysts predict that Universal Forest Products, Inc. will post $0.22 EPS next quarter.

Universal Forest Products, Inc. is a holding company. The Company’s subsidiaries design, manufacture and market wood and wood-alternative products for do-it-yourself (DIY)/retail home centers and other retailers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging and components for various industries. The Company’s consumer products subsidiary offers a portfolio of outdoor living products, including wood composite decking, decorative balusters, post caps and plastic lattice, and its garden group offers a range of products, such as trellises and arches, to retailers worldwide. Its subsidiaries also provide framing services for the site-built market and forming products for concrete construction. The Company engineers, manufactures, treats, distributes and installs lumber, composite wood, plastic and other building products for markets, including the DIY/retail.

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