Rentech Nitrogen Partners Stock Rating Reaffirmed by BMO Capital Markets (RNF)
Rentech Nitrogen Partners (NYSE:RNF)‘s stock had its “market perform” rating reaffirmed by stock analysts at BMO Capital Markets in a report issued on Tuesday. They currently have a $17.00 price target on the stock, down from their previous price target of $20.00. BMO Capital Markets’ price objective indicates a potential upside of 15.33% from the stock’s previous close.
Separately, analysts at RBC Capital cut their price target on shares of Rentech Nitrogen Partners from $17.00 to $15.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Rentech Nitrogen Partners has a consensus rating of “Buy” and an average price target of $22.00.
Rentech Nitrogen Partners (NYSE:RNF) traded up 0.07% on Tuesday, hitting $14.75. 6,027 shares of the company’s stock traded hands. Rentech Nitrogen Partners has a one year low of $14.42 and a one year high of $29.81. The stock has a 50-day moving average of $16.2 and a 200-day moving average of $17.1. The company’s market cap is $573.6 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, August 20th. This is a positive change from Rentech Nitrogen Partners’s previous quarterly dividend of $0.08.
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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