Penford Corp Rating Increased to Neutral at Zacks (PENX)
Penford Corp (NASDAQ:PENX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, American Banking News reports. The firm currently has a $14.20 price target on the stock. Zacks‘ price objective points to a potential upside of 2.38% from the company’s current price.
A number of other firms have also recently commented on PENX. Analysts at Sidoti initiated coverage on shares of Penford Corp (NASDAQ:PENX) in a research note to investors on Thursday, July 25th. They set a “buy” rating on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Penford Corp (NASDAQ:PENX) in a research note to investors on Wednesday, July 10th. They now have a $14.00 price target on the stock, up previously from $9.00.
Penford Corp (NASDAQ:PENX) remained flat at $13.87 during trading on Tuesday. 12,712 shares of the company’s stock traded hands. Penford Corp has a 1-year low of $6.50 and a 1-year high of $15.98. The stock’s 50-day moving average is $14.44 and its 200-day moving average is $12.4. The company has a market cap of $172.4 million and a price-to-earnings ratio of 374.86.
Penford Corporation (NASDAQ:PENX) is a developer, manufacturer and marketer of specialty natural-based ingredient systems for food and industrial ingredient applications, including fuel grade ethanol.
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