Intrepid Potash Receives Average Rating of “Hold” from Brokerages (NYSE:IPI)
Intrepid Potash (NYSE:IPI) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, AnalystRatingsNetwork.com reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.14.
IPI has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Intrepid Potash from $15.00 to $16.00 in a research note on Friday. Separately, analysts at Credit Agricole upgraded shares of Intrepid Potash from an “underperform” rating to an “outperform” rating in a research note on Friday. Finally, analysts at Scotiabank upgraded shares of Intrepid Potash from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 31st. They now have a $13.50 price target on the stock, up previously from $12.00.
Shares of Intrepid Potash (NYSE:IPI) opened at 15.28 on Friday. Intrepid Potash has a one year low of $10.60 and a one year high of $17.64. The stock’s 50-day moving average is $15.70 and its 200-day moving average is $15.58. The company has a market cap of $1.154 billion and a price-to-earnings ratio of 888.82.
Intrepid Potash (NYSE:IPI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.06. The company had revenue of $110.90 million for the quarter, compared to the consensus estimate of $91.04 million. During the same quarter last year, the company posted $0.17 earnings per share. Intrepid Potash’s revenue was up 19.6% compared to the same quarter last year. On average, analysts predict that Intrepid Potash will post $0.10 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.