Rentech Downgraded to “Underperform” at Zacks (RTK)
Rentech (NYSE:RTK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a $2.00 price objective on the stock. Zacks‘ target price points to a potential downside of 3.15% from the company’s current price.
Separately, analysts at Imperial Capital cut their price target on shares of Rentech from $3.80 to $2.70 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock.
Shares of Rentech (NYSE:RTK) traded down 2.39% on Tuesday, hitting $2.04. 495,077 shares of the company’s stock traded hands. Rentech has a 1-year low of $1.82 and a 1-year high of $3.18. The stock’s 50-day moving average is $2.05 and its 200-day moving average is $2.12. The company has a market cap of $461.7 million and a P/E ratio of 69.67.
Rentech (NYSE:RTK) last released its earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. The company had revenue of $120.20 million for the quarter, compared to the consensus estimate of $145.91 million. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. Analysts expect that Rentech will post $0.08 EPS for the current fiscal year.
Rentech, Inc (NYSE:RTK), is a provider of clean energy solutions.
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