Rentech Nitrogen Par Price Target Cut to $17.00 (RNF)
Equities researchers at RBC Capital dropped their price objective on shares of Rentech Nitrogen Par (NYSE:RNF) from $19.00 to $17.00 in a research report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 4.94% from the company’s current price.
Shares of Rentech Nitrogen Par (NYSE:RNF) opened at 16.20 on Wednesday. Rentech Nitrogen Par has a 52 week low of $15.62 and a 52 week high of $34.15. The stock has a 50-day moving average of $17.7 and a 200-day moving average of $18.60. The company has a market cap of $630.0 million and a P/E ratio of 169.68.
Rentech Nitrogen Par (NYSE:RNF) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.09. The company had revenue of $56.30 million for the quarter, compared to the consensus estimate of $56.28 million. During the same quarter last year, the company posted $0.38 earnings per share. Analysts expect that Rentech Nitrogen Par will post $1.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a positive change from Rentech Nitrogen Par’s previous quarterly dividend of $0.05.
Separately, analysts at Cowen and Company upgraded shares of Rentech Nitrogen Par from an “underperform” rating to a “market perform” rating in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Rentech Nitrogen Par currently has an average rating of “Hold” and a consensus price target of $23.60.
Rentech Nitrogen Partners, L.P. is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.