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Intrepid Potash’s Next-12-Month Recommendations and Price Targets

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Updated

Analysts’ recommendations

Of the four analysts surveyed by Reuters on March 23, 2017, none had “strong buy” or “buy” recommendations on Intrepid Potash (IPI) for the next 12 months. Two analysts had “hold” recommendations on the stock, and two had “sell” recommendations on the stock.

Over the quarters, fewer and fewer analysts have retained coverage on this troubled company.

Peer comparison

The agricultural fertilizer industry is awaiting recovery. Therefore, peers such as PotashCorp (POT), Agrium (AGU), and The Mosaic Company (MOS) also have most analysts recommending “holds.”

Because analysts’ recommendations and price targets change frequently as new information becomes available, Market Realist makes an updated report available each month. Read more about these companies’ recommendations and price targets in March Update: Agribusiness Stock Recommendations, Price Targets.

Price target

The consensus price target for Intrepid Potash on March 23, 2017, was $2 per share for the next 12 months. This price was ~21% higher than the company’s closing price of $1.65 on the same date. Analysts’ price target reached a low of $1.53 in May 2016, when expectations for its future were at a low.

Summary

Intrepid Potash supplies products primarily to North American fertilizer customers (SOIL). The company continues to struggle with low potash and Trio prices, which have left it negotiating with its creditors.

An improvement in prices should boost Intrepid Potash’s prospects, but sideways or downward movement in prices would likely continue to pressure its performance.

For more information on the agricultural fertilizer industry, be sure to visit Market Realist’s Agricultural Fertilizers page.

 

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