Rentech Nitrogen Par Rating Reiterated by Credit Suisse (RNF)
Rentech Nitrogen Par (NYSE:RNF)‘s stock had its “hold” rating reiterated by equities researchers at Credit Suisse in a research report issued on Tuesday, AmericanBankingNews.com reports. They currently have a $27.00 price target on the stock. Credit Suisse’s price objective points to a potential upside of 16.13% from the company’s current price.
RNF has been the subject of a number of other recent research reports. Analysts at Imperial Capital cut their price target on shares of Rentech Nitrogen Par from $35.00 to $24.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Feltl & Co. downgraded shares of Rentech Nitrogen Par from a “strong-buy” rating to a “buy” rating in a research note to investors on Monday. They now have a $34.00 price target on the stock, down previously from $40.00. Finally, analysts at RBC Capital cut their price target on shares of Rentech Nitrogen Par from $34.00 to $28.00 in a research note to investors on Tuesday, August 20th. They now have a “sector perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Rentech Nitrogen Par presently has an average rating of “Hold” and a consensus price target of $28.93.
Rentech Nitrogen Par (NYSE:RNF) traded up 5.54% during mid-day trading on Tuesday, hitting $23.25. The stock had a trading volume of 484,522 shares. Rentech Nitrogen Par has a 52-week low of $24.72 and a 52-week high of $49.18. The stock’s 50-day moving average is $27.72 and its 200-day moving average is $31.79. The company has a market cap of $903.2 million and a P/E ratio of 9.52.
Rentech Nitrogen Par (NYSE:RNF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.13. The company had revenue of $104.00 million for the quarter, compared to the consensus estimate of $142.12 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 70.0% on a year-over-year basis. On average, analysts predict that Rentech Nitrogen Par will post $1.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 14th. Investors of record on Thursday, November 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Tuesday, November 5th.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
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