Unique Fabricating, Inc. (UFAB) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Unique Fabricating, Inc. (NASDAQ:UFAB) have been given an average broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and two have given a strong buy rating to the company.

Brokerages have set a 1-year consensus price objective of $6.25 for the company and are forecasting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Unique Fabricating an industry rank of 106 out of 256 based on the ratings given to its competitors.

Shares of UFAB stock opened at $3.29 on Tuesday. Unique Fabricating has a 1 year low of $3.13 and a 1 year high of $9.70.

Unique Fabricating (NASDAQ:UFAB) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.13). The business had revenue of $39.47 million during the quarter, compared to the consensus estimate of $44.14 million.

About Unique Fabricating

Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.

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