UFPI’s Stock Rated Outperform

Stock research firm Zacks has upgraded the stock of Universal Forest Products, Inc. (NASDAQ:UFPI) from a neutral rating to an outperform rating based upon its earnings per share of +$0.40 in Q4 2013 versus a loss of -$0.10 per share in the comparable quarter of 2012, as MHProNews.com reported Feb. 13, 2014. Zacks consensus estimate pegged UFPI’s earnings for the quarter at 0.18 per share. The firm currently has a price target of $66.00 on the stock; the company has a market cap of $1.098 billion and a P/E ratio of 24.80, according to tickerreport.com. The stock closed up +2.35% Mon., Feb. 24 at 54.57. UFPI supplies structural building products and other supplies to the manufactured housing industry.

(Photo credit: Universal Forest Products, Inc.)

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