Intrepid Potash (IPI) is nearing $1 per share, which means that only a few analysts are covering the stock. Out of the seven analysts surveyed by Bloomberg, only one has a “buy” recommendation, while three have a “hold” recommendation, and three have a “sell” recommendation.
The consensus price target for Intrepid Potash (IPI) for the next 12 months stands at $1.56 per share. This would represent a 56% upside on the price as of October 19, 2016. A Credit Suisse analyst, who has an “underperform” recommendation on the stock, has set the price target for the company at $1 per share in a recent review of the stock on October 14 ahead of the company’s earnings release. UBS analyst John Roberts, who has a “neutral” recommendation for the stock, has set the next-12-month price target for the company at $1.25 per share.
Over the years, we’ve seen that the stock prices of companies such as PotashCorp (POT), Mosaic (MOS), and CF Industries (CF) have moved in tandem with analysts’ price targets. This is because analysts’ next-12-month price target aims to capture market (NANR) conditions, among other things.
These recommendations and price targets may change following earnings. Visit our site after Intrepid Potash releases earnings on October 25 to see our analysis. In the meantime, visit our Agricultural Fertilizers page for other industry updates.