Innospec Inc. (NASDAQ:IOSP) has been given an average rating of “Hold” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $86.00.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Innospec from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. BidaskClub raised shares of Innospec from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 11th. ValuEngine downgraded shares of Innospec from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, KeyCorp increased their target price on shares of Innospec from $80.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, July 13th.
Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Innospec during the 2nd quarter valued at approximately $490,000. Russell Investments Group Ltd. grew its position in shares of Innospec by 327.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 20,992 shares of the specialty chemicals company’s stock valued at $1,608,000 after acquiring an additional 16,082 shares during the period. Ramsey Quantitative Systems bought a new position in shares of Innospec during the 2nd quarter valued at approximately $343,000. Itau Unibanco Holding S.A. bought a new position in shares of Innospec during the 2nd quarter valued at approximately $116,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Innospec during the 2nd quarter valued at approximately $395,000. 93.00% of the stock is owned by hedge funds and other institutional investors.
Shares of IOSP stock opened at $67.78 on Tuesday. Innospec has a 52-week low of $61.28 and a 52-week high of $83.20. The company has a quick ratio of 1.34, a current ratio of 2.28 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.55 and a beta of 0.96.
Innospec (NASDAQ:IOSP) last issued its quarterly earnings data on Tuesday, August 7th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.05). Innospec had a return on equity of 13.83% and a net margin of 4.45%. The firm had revenue of $358.10 million during the quarter. On average, equities analysts expect that Innospec will post 4.35 EPS for the current year.
Innospec Company Profile
Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals for use as fuel additives, ingredients for personal care, home care, agrochemical, mining and other applications, and oilfield chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives.
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