After Breaking $50 a Share, Can Innophos Holdings (IPHS) Keep Surging? - Tale of the Tape

By
A A A

Innophos Holdings Inc ( IPHS ) just hit a fresh high moving above the psychologically-important $50 per share level for the first time. This mark is very close to the 52 week high for Innophos which has added more than 17.3% in the last 12 weeks, suggesting that decent momentum is present in IPHS.

But after this fresh 52 week high and the positive price momentum, investors have to be wondering if Innophos can continue to push higher or if a pullback is overdue. One place to find the answer could be in the recent earnings estimate revision activity that is taking place in IPHS.

Recent Estimates

Despite the move higher in Innophos' stock price, we have seen pretty negative earnings estimate revisions as of late, which means that analysts are becoming more bearish about IPHS' prospects. In fact, for the current year, 2 estimates have gone lower in the past one month compared with no upward revision, while the consensus estimate has moved in the wrong direction over the same time frame too.

We actually give IPHS a Zacks Rank #4 (Sell) based on this information and think that the move higher for this company might be a bit overdone. So while trading has certainly been good lately, estimates suggest that this run could soon enter a consolidation period and that a pullback may be ahead for this 'sell' ranked stock in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>



INNOPHOS HLDGS (IPHS): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: IPHS

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com