BidaskClub upgraded shares of Innophos (NASDAQ:IPHS) from a strong sell rating to a sell rating in a research report report published on Tuesday morning.
Several other brokerages also recently weighed in on IPHS. Zacks Investment Research downgraded Innophos from a buy rating to a hold rating in a research report on Wednesday, January 3rd. TheStreet downgraded Innophos from a b- rating to a c rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $50.00.
Shares of NASDAQ IPHS opened at $42.14 on Tuesday. Innophos has a 1-year low of $38.66 and a 1-year high of $51.34. The company has a quick ratio of 1.36, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $828.38, a PE ratio of 17.23 and a beta of 0.77.
Innophos (NASDAQ:IPHS) last issued its earnings results on Wednesday, February 21st. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). Innophos had a return on equity of 14.02% and a net margin of 3.11%. The company had revenue of $193.10 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same period in the previous year, the company earned $0.52 EPS. Innophos’s quarterly revenue was up 15.1% on a year-over-year basis. research analysts anticipate that Innophos will post 2.7 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in Innophos by 22.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 9,081 shares of the specialty chemicals company’s stock valued at $424,000 after purchasing an additional 1,689 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in Innophos in the fourth quarter valued at about $134,000. Confluence Investment Management LLC boosted its holdings in Innophos by 3.3% in the fourth quarter. Confluence Investment Management LLC now owns 96,576 shares of the specialty chemicals company’s stock valued at $4,513,000 after purchasing an additional 3,082 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Innophos by 6.3% in the fourth quarter. California Public Employees Retirement System now owns 52,208 shares of the specialty chemicals company’s stock valued at $2,440,000 after purchasing an additional 3,108 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Innophos by 1.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 225,616 shares of the specialty chemicals company’s stock valued at $11,099,000 after purchasing an additional 3,206 shares during the last quarter. 93.31% of the stock is owned by institutional investors.
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Innophos Company Profile
Innophos Holdings, Inc, together with its subsidiaries, produces specialty ingredients with applications in food, health, nutrition, and industrial markets. It operates through three segments: Food, Health and Nutrition; Industrial Specialties; and Other. The company's specialty ingredients include specialty phosphate salts and specialty phosphoric acids, as well as other mineral, enzyme, and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture modifiers in cheeses; leavening agents in baked goods; calcium and phosphorus fortification in food and beverages; moisture and color retention in seafood, poultry, and meat; excipients in vitamins, minerals, nutritional supplements, and pharmaceuticals; and abrasives in toothpaste.
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