Rentech Given “Outperform” Rating at Imperial Capital (RTK)
Rentech (NYSE:RTK)‘s stock had its “outperform” rating restated by Imperial Capital in a research note issued on Thursday, Analyst Ratings.Net reports. They currently have a $3.00 target price on the stock, up from their previous target price of $2.40. Imperial Capital’s price target suggests a potential upside of 33.33% from the stock’s previous close.
A number of other analysts have also recently weighed in on RTK. Analysts at Feltl & Co. upgraded shares of Rentech from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Analysts at TheStreet upgraded shares of Rentech from a “sell” rating to a “hold” rating in a research note on Monday, March 17th.
Rentech (NYSE:RTK) opened at 2.25 on Thursday. Rentech has a 1-year low of $1.55 and a 1-year high of $2.39. The stock’s 50-day moving average is $2.06 and its 200-day moving average is $1.86. The company’s market cap is $511.9 million.
Rentech (NYSE:RTK) last announced its earnings results on Tuesday, May 13th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $84.80 million for the quarter, compared to the consensus estimate of $84.83 million. During the same quarter last year, the company posted ($0.02) earnings per share. Rentech’s revenue was up 42.4% compared to the same quarter last year. Analysts expect that Rentech will post $0.06 EPS for the current fiscal year.
Rentech, Inc (NYSE:RTK), is a provider of clean energy solutions.
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