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Equities research analysts at RBC Capital cut their target price on shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) from $30.00 to $29.00 in a research note issued to investors on Thursday, StockRatingsNetwork reports. RBC Capital’s target price suggests a potential upside of 7.37% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Calumet Specialty Products Partners, L.P from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 9th. They now have a $29.70 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Calumet Specialty Products Partners, L.P in a research note on Thursday, December 19th. They set a “neutral” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Calumet Specialty Products Partners, L.P currently has a consensus rating of “Hold” and a consensus price target of $31.47.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) traded down 2.42% on Thursday, hitting $27.01. 861,671 shares of the company’s stock traded hands. Calumet Specialty Products Partners, L.P has a 52 week low of $24.84 and a 52 week high of $40.25. The stock has a 50-day moving average of $28.73 and a 200-day moving average of $28.68. The company has a market cap of $1.872 billion and a P/E ratio of 45.90.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.12. Analysts expect that Calumet Specialty Products Partners, L.P will post $1.70 EPS for the current fiscal year.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) is a producer of specialty hydrocarbon products in North America.

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