Innospec (IOSP) Stock Rating Upgraded by BidaskClub
Innospec (NASDAQ:IOSP) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
IOSP has been the topic of several other reports. KeyCorp decreased their price objective on shares of Innospec from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Friday. Zacks Investment Research lowered shares of Innospec from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, ValuEngine upgraded shares of Innospec from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Innospec has an average rating of “Buy” and a consensus target price of $84.00.
Shares of IOSP stock opened at $74.32 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Innospec has a one year low of $62.13 and a one year high of $83.20. The company has a market capitalization of $1.88 billion, a PE ratio of 15.95 and a beta of 1.10.
Institutional investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new stake in Innospec during the 2nd quarter worth approximately $116,000. First Hawaiian Bank acquired a new stake in Innospec during the 3rd quarter worth approximately $147,000. Burney Co. acquired a new stake in Innospec during the 2nd quarter worth approximately $207,000. UBS Group AG lifted its holdings in Innospec by 69.3% during the 1st quarter. UBS Group AG now owns 2,771 shares of the specialty chemicals company’s stock worth $190,000 after buying an additional 1,134 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Innospec during the 3rd quarter worth approximately $213,000. Institutional investors own 94.21% of the company’s stock.
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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