Mixed Analyst Attention: MGIC Investment Corporation (NYSE:MTG), Intrepid Potash Inc. (NYSE:IPI)

The shares of MGIC Investment Corporation (NYSE:MTG) has been pegged with a rating of Buy by Compass Point in its latest research note that was published on October 22, 2018. The Financial company has also assigned a $16.50 price target. Compass Point wasn’t the only research firm that published a report of MGIC Investment Corporation, with other equities research analysts also giving their opinion on the stock. The stock had earned Market Perform rating from Wells Fargo Markets when it published its report on April 19, 2018. BofA/Merrill was of a view that MTG is Neutral in its latest report on April 10, 2018. Macquarie thinks that MTG is worth Outperform rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $17.09. The price of the stock the last time has raised by 51.15% from its 52-Week high price while it is -56.96% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 30.97.

The shares of the company added by 10.07% during the trading session on Wednesday, reaching a low of $5.78 while ending the day at $6.56. During the trading session, a total of 9.34 million shares were traded which represents a -132.8% decline from the average session volume which is 4.01 million shares. MTG had ended its last session trading at $5.96. MGIC Investment Corporation currently has a market cap of $1.81 billion, while its P/E ratio stands at 3.54, while its P/E earnings growth sits at 1.93, with a beta of 1.89. MTG 52-week low price stands at $4.34 while its 52-week high price is $15.24.

The company in its last quarterly report recorded $0.49 earnings per share which is above the predicted by most analysts. In the second quarter last year, the firm recorded $0.48 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 14.29%. MGIC Investment Corporation has the potential to record 1.72 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Stephens published a research note on May 09, 2018 where it informed investors and clients that Intrepid Potash Inc. (NYSE:IPI) is now rated as Overweight. Even though the stock has been trading at $0.96/share, analysts expect it to down by -17.48% to reach $2.68/share. It started the day trading at $0.96 and traded between $0.78 and $0.79 throughout the trading session.

A look at its technical shows that IPI’s 50-day SMA is 1.8431 while its 200-day SMA stands at 2.7281. The stock has a high of $3.97 for the year while the low is $0.76. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 4.14 M shorted shares, the short percentage went lower by -10.66%, as 3.70M MTG shares were shorted. At the moment, only 5.35% of Intrepid Potash Inc. shares were sold short. The company’s P/E ratio currently sits at 7.60, while the P/B ratio is 0.24. The company’s average trading volume currently stands at 756.52K shares, which means that the short-interest ratio is just 5.47 days. Over the past seven days, the company moved, with its shift of 2.58%. Looking further, the stock has dropped -70.52% over the past 90 days while it lost -75.99% over the last six months.

This move now sees The Saratoga Asset Management LLC selling 0 shares in the last quarter, thus it now holds 17,119,822 shares of IPI, with a total valuation of $30,302,085. Fidelity Management & Research Co… meanwhile bought more IPI shares in the recently filed quarter, changing its stake to $14,123,303 worth of shares.

Similarly, Dimensional Fund Advisors LP decreased its Intrepid Potash Inc. shares by 0.41% during the recently filed quarter. After selling 7,397,235 shares in the last quarter, the firm now controls -30,233 shares of Intrepid Potash Inc. which are valued at $13,093,106. In the same vein, BlackRock Fund Advisors decreased its Intrepid Potash Inc. shares by during the most recent reported quarter. The firm sold 316,529 shares during the quarter which decreased its stakes to 6,332,327 shares and is now valued at $11,208,219. Following these latest developments, around 2.20% of Intrepid Potash Inc. stocks are owned by institutional investors and hedge funds.