Rentech Inc. (NASDAQ:RTK) has been assigned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokerages have set a 1 year consensus price target of $6.10 for the company and are predicting that the company will post ($0.19) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Rentech an industry rank of 12 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Rentech from a “hold” rating to a “strong-buy” rating and set a $4.25 price target on the stock in a research report on Wednesday, August 17th.
Large investors have recently added to or reduced their stakes in the stock. Spark Investment Management LLC bought a new stake in Rentech during the first quarter valued at $116,000. Paloma Partners Management Co bought a new stake in Rentech during the second quarter valued at $206,000. Smith Moore & CO. boosted its stake in Rentech by 337.5% in the first quarter. Smith Moore & CO. now owns 87,500 shares of the company’s stock valued at $194,000 after buying an additional 67,500 shares during the last quarter. Oxford Asset Management boosted its stake in Rentech by 529.3% in the second quarter. Oxford Asset Management now owns 102,786 shares of the company’s stock valued at $247,000 after buying an additional 86,452 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Rentech by 2.0% in the first quarter. Geode Capital Management LLC now owns 151,051 shares of the company’s stock valued at $335,000 after buying an additional 2,981 shares during the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.
Rentech (NASDAQ:RTK) opened at 2.70 on Wednesday. The company has a market capitalization of $62.61 million, a price-to-earnings ratio of 0.28 and a beta of 3.35. The stock’s 50 day moving average price is $3.29 and its 200 day moving average price is $2.94. Rentech has a 12-month low of $1.55 and a 12-month high of $6.53.
Rentech (NASDAQ:RTK) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $3.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $3.47. The company had revenue of $31.80 million for the quarter, compared to the consensus estimate of $48.24 million. Rentech had a return on equity of 296.39% and a net margin of 106.00%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same period last year, the business posted ($0.23) earnings per share. On average, equities research analysts anticipate that Rentech will post $11.94 earnings per share for the current fiscal year.
Rentech Company Profile
Rentech, Inc is a provider of wood fiber processing services, wood chips and wood pellets. The Company’s processing business includes Fulghum Fibres, Inc (Fulghum), which operates approximately 30 wood chipping mills in the United States and South America. The Company provides wood yard operations services.
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