Zacks Investment Research downgraded Innospec Inc. (NASDAQ:IOSP) to Hold in a report released earlier today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded Innospec Inc. (NASDAQ:IOSP) to Hold in a statement released on Wednesday October 05, 2016.
On 8/04/2016, Monness Crespi released a statement on Innospec Inc. (NASDAQ:IOSP) upped the target price from $0.00 to $60.00 that suggested an upside of 0.12%.
Having a price of $60.24, Innospec Inc. (NASDAQ:IOSP) traded -0.50% lower on the day. The last closing price is up 17.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. IOSP has recorded a 50-day moving average of $59.36 and a 200-day moving average of $51.14. 113,458 shares of IOSP traded hands, down from an average trading volume of 125,497
Recent Performance Chart
Innospec Inc. has 52 week low of $41.61 and a 52 week high of $61.39 with a PE ratio of 12.83 and has a market capitalization of $0.
Also covering Innospec Inc.'s target, a total of 2 brokerages have issued a ratings update on Innospec Inc.. The 12-month price target is $55.00 with 1 firm rating the stock a strong buy, 0 firms rating the company a buy, three equity analysts rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
Brief Synopsis On Innospec Inc. (NASDAQ:IOSP)
Innospec Inc. develops, manufactures, blends, markets and supplies fuel additives, oilfield chemicals, personal care and fragrance ingredients and other specialty chemicals. The Company operates in three segments: Fuel Specialties, Performance Chemicals and Octane Additives. The Company's products are sold to oil and gas exploration and production companies, oil refineries, personal care and fragrance companies, and other chemical and industrial companies. The Fuel Specialties segment develops, manufactures, blends, markets and supplies a range of specialty chemical products used as additives to a range of fuels. The Performance Chemicals segment provides technology-based solutions for the processes or products focused in the Personal Care, Polymers and Fragrance Ingredients markets. The Octane Additives segment produces tetra ethyl lead (TEL) and consists of sales of TEL for use in automotive gasoline, and provides services in its environmental remediation business.
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