The stock of Innophos Holdings, Inc. (NASDAQ:IPHS) hit a new 52-week high and has $79.43 target or 64.00% above today’s $48.43 share price. The 5 months bullish chart indicates low risk for the $958.21 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $79.43 price target is reached, the company will be worth $613.25 million 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 48,157 shares traded hands. Innophos Holdings, Inc. (NASDAQ:IPHS) has risen 52.44% since April 5, 2016 and is uptrending. It has outperformed by 50.48% 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 rating was downgraded by Zacks on Thursday, September 3 to “Sell”. The stock has “Sell” rating given by Zacks on Monday, August 24. On Thursday, October 20 the stock rating was initiated by Sidoti with “Buy”.
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 decreased to 1.22 in 2016 Q2. Its down 0.15, from 1.37 in 2016Q1. The ratio dived, 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.
Thomson Horstmann And Bryant owns 8,613 shares or 0.05% of their US portfolio. Martingale Asset Mgmt Lp reported 45,366 shares or 0.03% of all its holdings. Invesco accumulated 68,810 shares or 0% of the stock. Schroder Investment Management Gru last reported 0.01% of its portfolio in the stock. Millennium Ltd Co last reported 0% of its portfolio in the stock. Advisors Asset Mgmt accumulated 0.08% or 116,233 shares. Strs Ohio has invested 0% of its portfolio in Innophos Holdings, Inc. (NASDAQ:IPHS). Whittier Trust, a California-based fund reported 2,200 shares. Ubs Asset Americas Incorporated has invested 0% of its portfolio in Innophos Holdings, Inc. (NASDAQ:IPHS). Moreover, 1492 Cap Management Llc has 0.22% invested in Innophos Holdings, Inc. (NASDAQ:IPHS) for 5,759 shares. Motley Fool Asset Mgmt Ltd Liability Corp reported 172,601 shares or 1.59% of all its holdings. Zebra Capital Mngmt Lc owns 13,260 shares or 0.19% of their US portfolio. Kestrel Investment Mngmt has 2.36% invested in the company for 135,000 shares. The Missouri-based Century Incorporated has invested 0.02% in Innophos Holdings, Inc. (NASDAQ:IPHS). Qs Investors Limited Liability accumulated 0% or 1,041 shares.
Insider Transactions: Since May 20, 2016, the stock had 2 insider buys, and 0 insider sales for $77,419 net activity. $40,310 worth of Innophos Holdings, Inc. (NASDAQ:IPHS) shares were bought by Zatta Robert J.
More notable 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 with their article: “Innophos Holdings, Inc. Appoints Joshua Horenstein As Chief Legal Officer And …” published on September 09, 2016, Prnewswire.com published: “Innophos Holdings, Inc. Appoints Amy Hartzell As Vice President, Supply Chain …” on April 20, 2016. More interesting news about Innophos Holdings, Inc. (NASDAQ:IPHS) were released by: Prnewswire.com and their article: “Innophos Holdings, Inc. Appoints Han Kieftenbeld As Chief Financial Officer” published on April 04, 2016 as well as Prnewswire.com‘s news article titled: “Innophos Holdings, Inc. Reports Third Quarter 2015 Results” with publication date: November 03, 2015.
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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