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Penford Corp (NASDAQ:PENX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Thursday. The firm currently has a $14.80 target price on the stock. Zacks‘s target price suggests a potential upside of 7.01% from the stock’s previous close.

Penford Corp (NASDAQ:PENX) traded down 0.65% on Thursday, hitting $13.74. The stock had a trading volume of 10,050 shares. Penford Corp has a one year low of $10.71 and a one year high of $15.18. The stock has a 50-day moving average of $12.4 and a 200-day moving average of $12.60. The company has a market cap of $174.6 million and a price-to-earnings ratio of 45.64.

Penford Corp (NASDAQ:PENX) last issued its quarterly earnings data on Monday, July 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $119.40 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, analysts predict that Penford Corp will post $0.55 earnings per share for the current fiscal year.

Penford Corporation (NASDAQ:PENX) is a developer, manufacturer and marketer of specialty natural-based ingredient systems for food and industrial ingredient applications, including fuel grade ethanol.

To get a free copy of the research report on Penford Corp (PENX), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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