Stock Rating Upgrade
The Value Trend Rating for Intrepid Potash Inc (NYSE: IPI) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Intrepid Potash Inc (NYSE: IPI) stock closed at $21.38 on 1/5/24 after a modest decline of -1.2%. NORMAL trading volume accompanied the decline. The stock has declined -14.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, IPI is expected to be a modest Value Eraser.
Intrepid Potash has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Intrepid Potash has a good Appreciation Score of 83 but a neutral Power Rating of 46, and the Positive Value Trend Rating results.
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