Intrepid Potash on the Street: What the Analysts Recommend
Intrepid’s price target
Intrepid Potash (IPI) has a consensus median price target of $2 for the next 12 months, and this target has remained mostly unchanged for four months. Given the weak environment for fertilizer prices, analysts seem unsure about revising their price targets. As compared to its price targets last year, IPI’s price target stands much higher—so far.
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In June 2017, two analysts recommended a “hold” for the stock, while two analysts recommended a “sell” on the stock for the next 12 months.
But few analysts are currently covering Intrepid Potash as compared to one year ago, when seven analysts were covering the stock. There are several reasons for analysts to drop their coverage of a company like Intrepid, of course, but increased riskiness is one of the main reasons.
For more analysts’ recommendations and price targets for Intrepid’s peers (XLB), including PotashCorp (POT), Agrium (AGU), and Sociedad Quimica y Minera (SQM), check out Market Realist’s series What Analysts Recommend for Agribusiness Stocks in June 2017.
Each month, Market Realist publishes an update of changes in analyst recommendations and price targets for major agribusiness stocks. Be sure to keep checking in with our Agricultural Fertilizers page.