The stock of Innophos Holdings, Inc. (NASDAQ:IPHS) hit a new 52-week high and has $86.49 target or 67.00% above today’s $51.79 share price. The 6 months bullish chart indicates low risk for the $1.04 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $86.49 price target is reached, the company will be worth $696.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 40,103 shares traded hands. Innophos Holdings, Inc. (NASDAQ:IPHS) has risen 49.46% since April 19, 2016 and is uptrending. It has outperformed by 45.60% the S&P500.
Innophos Holdings, Inc. (NASDAQ:IPHS) Ratings Coverage
Out of 2 analysts covering Innophos Holdings (NASDAQ:IPHS), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Innophos Holdings has been the topic of 3 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, August 24 by Zacks. Zacks downgraded the stock to “Sell” rating in Thursday, September 3 report. As per Thursday, October 20, the company rating was initiated by Sidoti.
According to Zacks Investment Research, “Innophos, Inc., is one of the leading North American manufacturers of specialty phosphates, serving a diverse range of customers across multiple applications, geographies and channels. Innophos offers a broad suite of products used in a wide variety of food and beverage, consumer products, pharmaceutical and industrial applications. Innophos’ market-leading positions derive from its experience and dedication to customer service and innovation.”
Insitutional Activity: The institutional sentiment increased to 1.3 in 2016 Q2. Its up 0.08, from 1.22 in 2016Q1. The ratio increased, as 14 funds sold all Innophos Holdings, Inc. shares owned while 53 reduced positions. 30 funds bought stakes while 52 increased positions. They now own 17.50 million shares or 0.21% more from 17.46 million shares in 2016Q1.
Dimensional Fund Advsr Ltd Partnership owns 950,278 shares or 0.02% of their US portfolio. Royal Comml Bank Of Canada accumulated 0.01% or 289,138 shares. California Public Employees Retirement System holds 47,000 shares or 0% of its portfolio. Piermont Mngmt reported 60,084 shares or 0.66% of all its holdings. First Mercantile accumulated 2,591 shares or 0.01% of the stock. Us National Bank De holds 0% or 13,756 shares in its portfolio. State Of Tennessee Treasury Department last reported 15,618 shares in the company. Pinebridge Investments L P last reported 2,455 shares in the company. Walleye Trading Ltd Liability Com reported 900 shares or 0% of all its holdings. Tiaa Cref Limited Liability Com holds 0% of its portfolio in Innophos Holdings, Inc. (NASDAQ:IPHS) for 149,638 shares. Analytic Invsts Limited Liability holds 22,107 shares or 0.01% of its portfolio. The Pennsylvania-based Brandywine Limited Liability Corp has invested 0.09% in Innophos Holdings, Inc. (NASDAQ:IPHS). Gemmer Asset Lc, a California-based fund reported 99 shares. The Texas-based Barrow Hanley Mewhinney Strauss Ltd has invested 0% in Innophos Holdings, Inc. (NASDAQ:IPHS). Tudor Investment Et Al has 5,721 shares for 0.01% of their US portfolio.
Insider Transactions: Since September 9, 2016, the stock had 1 buying transaction, and 0 selling transactions for $40,310 net activity. 1,000 Innophos Holdings, Inc. (NASDAQ:IPHS) shares with value of $40,310 were bought by Zatta Robert J.
More important recent Innophos Holdings, Inc. (NASDAQ:IPHS) news were published by: Prnewswire.com which released: “Innophos Holdings, Inc. Reports Third Quarter 2016 Results” on October 27, 2016, also Prnewswire.com published article titled: “Innophos Holdings, Inc. Appoints Joshua Horenstein As Chief Legal Officer And …”, Prnewswire.com published: “Innophos Holdings, Inc. Appoints Han Kieftenbeld As Chief Financial Officer” on April 04, 2016. More interesting news about Innophos Holdings, Inc. (NASDAQ:IPHS) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Innophos Holdings, Reliance Steel & Aluminum and Sherwin …” with publication date: November 14, 2016.
IPHS Company Profile
Innophos Holdings, Inc., incorporated July 15, 2004, is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Firm also provides bioactive mineral and nutritional ingredients. The Company’s divisions include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and GTSP & Other. The Specialty Phosphates US & Canada segment and Specialty Phosphates Mexico segment comprises product lines, such as Specialty Ingredients; Food and Technical Grade Purified Phosphoric Acid (PPA), and Technical Grade Sodium Tripolyphosphate (STPP) & Detergent Grade PPA. The GTSP & Other segment includes fertilizer co-product Granular Triple Super Phosphate (GTSP) and other non-specialty phosphate products. The Specialty Phosphates US & Canada segment and the Specialty Ingredients product line includes the activities of Innophos Nutrition, Inc.
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