Unique Fabricating’s (UFAB) “Speculative Buy” Rating Reiterated at Taglich Brothers

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Unique Fabricating (NYSEAMERICAN:UFAB)‘s stock had its “speculative buy” rating restated by stock analysts at Taglich Brothers in a research note issued to investors on Wednesday. Taglich Brothers also issued estimates for Unique Fabricating’s FY2019 earnings at $1.23 EPS.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Unique Fabricating from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Roth Capital reaffirmed a “buy” rating on shares of Unique Fabricating in a report on Wednesday, May 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $10.63.

Shares of UFAB opened at $7.64 on Wednesday. Unique Fabricating has a one year low of $7.05 and a one year high of $9.70.

Unique Fabricating (NYSEAMERICAN:UFAB) last announced its earnings results on Thursday, August 9th. The auto parts company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $45.74 million for the quarter, compared to the consensus estimate of $47.27 million. Unique Fabricating had a return on equity of 5.67% and a net margin of 1.73%.

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in shares of Unique Fabricating by 274.6% in the 2nd quarter. Renaissance Technologies LLC now owns 79,800 shares of the auto parts company’s stock valued at $697,000 after purchasing an additional 58,500 shares during the period. BlackRock Inc. lifted its stake in shares of Unique Fabricating by 65.1% in the 2nd quarter. BlackRock Inc. now owns 21,520 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 8,489 shares during the period. Bailard Inc. acquired a new position in shares of Unique Fabricating in the 2nd quarter valued at $313,000. North Star Investment Management Corp. acquired a new position in shares of Unique Fabricating in the 2nd quarter valued at $786,000. Finally, Ancora Advisors LLC lifted its stake in shares of Unique Fabricating by 20.0% in the 1st quarter. Ancora Advisors LLC now owns 90,172 shares of the auto parts company’s stock valued at $761,000 after purchasing an additional 15,020 shares during the period.

Unique Fabricating Company Profile

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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