Innophos Holdings Price Target Raised to $80.00 at Oppenheimer (IPHS)
Equities researchers at Oppenheimer hoisted their price objective on shares of Innophos Holdings (NASDAQ:IPHS) from $70.00 to $80.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 38.26% from the stock’s previous close.
Innophos Holdings (NASDAQ:IPHS) traded up 2.96% during mid-day trading on Tuesday, hitting $59.5701. The stock had a trading volume of 170,539 shares. Innophos Holdings has a one year low of $44.27 and a one year high of $58.51. The stock has a 50-day moving average of $56.33 and a 200-day moving average of $53.63. The company has a market cap of $1.307 billion and a price-to-earnings ratio of 25.16.
Innophos Holdings (NASDAQ:IPHS) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.03. The company had revenue of $220.00 million for the quarter, compared to the consensus estimate of $232.75 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Innophos Holdings will post $3.33 EPS for the current fiscal year.
Innophos Holdings, Inc (NASDAQ:IPHS), is a producer of mineral-based specialty ingredients with applications in food, beverage, pharmaceutical, oral care and industrial end markets.
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