UFP Technologies Makes A Healthy Move With AJR Buyout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2024
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Source: Benzinga
- UFP Technologies Acquisition: UFP Technologies, Inc. disclosed the acquisition of AJR Enterprises, LLC for $110 million.
- AJR Enterprises' Specialization: AJR Enterprises focuses on developing and manufacturing single-use safe patient handling systems, with sales reaching approximately $70 million in 2023.
- Strategic Move: UFP funded the acquisition through borrowings under its credit agreement to enhance its patient surfaces portfolio.
- Market Growth Opportunity: The acquisition aligns with the growing market for patient surfaces and transfer devices driven by government guidelines on safe patient handling.
- Financial Performance: UFP Technologies had cash and cash equivalents of $11.4 million as of March-end, with shares gaining over 40% in the past year.
Analyst Views on JSML
Wall Street analysts forecast JSML stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JSML is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 78.664
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Current: 78.664
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
