About Intrepid Potash
Intrepid Potash (IPI) is a potash producer in North America. With potash prices falling significantly over the past few years, the company has faced severe headwinds, and the stock fell nearly 30.0% in 2016. That year, it also amended its debt agreement with its lenders.
For more information, be sure to read Why Speculators May Want to Take a Closer Look at Intrepid Potash. According to Nasdaq, Intrepid Potash is slated to report its 4Q16 earnings on March 6, 2017.
As of January 23, 2017, one of the six analysts covering Intrepid Potash has a “buy” recommendation for the company over the next 12 months. Three analysts have given it a “hold” recommendation, and two have given it a “sell.”
For the next 12 months, analysts have a price target of $1.79 for Intrepid Potash. As of January 23, 2017, the stock closed at $1.79, which is at par with analysts’ price target. That’s unlike other fertilizer players (MOO) such as PotashCorp (POT), Agrium (AGU), CF Industries (CF), and Mosaic (MOS), whose stocks were trading well above their target prices for the next 12 months.
Next, let’s look at analysts’ recommendations and their price target for Monsanto.