Rentech Nitrogen Par Lowered to Underperform at Zacks (RNF)
Rentech Nitrogen Par (NYSE:RNF) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. They currently have a $18.20 price target on the stock. Zacks‘ target price indicates a potential downside of 4.81% from the stock’s previous close.
Shares of Rentech Nitrogen Par (NYSE:RNF) traded down 4.00% on Tuesday, hitting $18.355. 202,902 shares of the company’s stock traded hands. Rentech Nitrogen Par has a 52-week low of $16.90 and a 52-week high of $49.18. The stock’s 50-day moving average is $18.6 and its 200-day moving average is $24.00. The company has a market cap of $713.1 million and a price-to-earnings ratio of 19.49.
A number of other analysts have also recently weighed in on RNF. Analysts at BMO Capital Markets initiated coverage on shares of Rentech Nitrogen Par in a research note to investors on Tuesday, November 19th. They set a “market perform” rating and a $22.00 price target on the stock. Analysts at Brean Capital cut their price target on shares of Rentech Nitrogen Par from $34.00 to $23.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.47.
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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