Zacks Investment Research Lowers Unique Fabricating Inc (UFAB) to Sell
Zacks Investment Research lowered shares of Unique Fabricating Inc (NYSEAMERICAN:UFAB) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Unique Fabricating, Inc. is a supplier of components in the automotive and industrial appliance market. The Company’s solutions comprised of multi-material foam, rubber and plastic components for noise, vibration and harshness management, acoustical management, water and air sealing, decorative and other functional applications. Its processes include die cutting, thermoforming, compression molding, fusion molding and assembly. The company operates primarily in Auburn Hills, Michigan, LaFayette, Georgia and Monterrey, Mexico. Unique Fabricating, Inc. is headquartered in Auburn Hills, Michigan. “
Several other research analysts have also weighed in on the company. Taglich Brothers reiterated a speculative buy rating on shares of Unique Fabricating in a report on Wednesday, July 26th. ValuEngine upgraded Unique Fabricating from a hold rating to a buy rating in a report on Monday, October 2nd. Roth Capital set a $11.00 target price on Unique Fabricating and gave the stock a buy rating in a report on Tuesday, August 8th. B. Riley restated a buy rating and issued a $12.00 price target on shares of Unique Fabricating in a report on Monday, November 6th. Finally, TheStreet lowered Unique Fabricating from a c- rating to a d+ rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Unique Fabricating has a consensus rating of Hold and a consensus target price of $11.50.
Unique Fabricating (NYSEAMERICAN UFAB) opened at $7.95 on Tuesday. Unique Fabricating has a twelve month low of $7.05 and a twelve month high of $15.00.
Unique Fabricating (NYSEAMERICAN:UFAB) last posted its earnings results on Thursday, November 9th. The auto parts company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.05). The business had revenue of $41.23 million for the quarter, compared to the consensus estimate of $42.68 million. Unique Fabricating had a return on equity of 13.16% and a net margin of 3.75%.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.55%. Unique Fabricating’s dividend payout ratio (DPR) is 71.43%.
Unique Fabricating Company Profile
Unique Fabricating, Inc is a United States-based company, which is engaged in the engineering and manufacturing of components for customers in the automotive and industrial appliance market. The Company offers various solutions, which consist of multi-material foam, rubber and plastic components. The Company’s fabricating capabilities include foam fabricating; foam die cutting; multi-layer die cutting; precision high-speed cutting; kiss cutting; fusion molding; vacuum forming; twin-sheet thermoforming; compression molding precision original equipment manufacturing (OEM) parts; non-metallic materials die cutting/fabrication; sound control parts, and soundproofing materials.
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