Intrepid Potash Upgraded to “Neutral” at Susquehanna (IPI)
Intrepid Potash (NYSE:IPI) was upgraded by Susquehanna to a “neutral” rating in a research note issued on Monday, Analyst Ratings Network.com reports.
Intrepid Potash (NYSE:IPI) opened at 14.42 on Monday. Intrepid Potash has a 52-week low of $10.60 and a 52-week high of $20.55. The stock has a 50-day moving average of $15.54 and a 200-day moving average of $14.93. The company has a market cap of $1.087 billion and a price-to-earnings ratio of 47.16.
Intrepid Potash (NYSE:IPI) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.12. The company had revenue of $73.80 million for the quarter, compared to the consensus estimate of $79.60 million. During the same quarter last year, the company posted $0.26 earnings per share. Intrepid Potash’s revenue was down 33.5% compared to the same quarter last year. Analysts expect that Intrepid Potash will post $0.22 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on IPI. Analysts at Wunderlich reiterated a “buy” rating on shares of Intrepid Potash in a research note on Tuesday, December 31st. They now have a $22.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Intrepid Potash in a research note on Tuesday, December 17th. They set a “neutral” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Intrepid Potash in a research note on Wednesday, December 4th. They set a “sector perform” rating and a $16.00 price target on the stock. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.14.
Intrepid Potash, Inc(NYSE:IPI) is a producer of muriate of potash (potassium chloride or potash) in the United States and are engaged the production and marketing of potash and langbeinite (sulfate of potash magnesia), another mineral containing potassium, magnesium, and sulfate, that is produced from langbeinite ore and as Trio when it refers to sales and marketing.
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