Dahlman Rose Starts Rentech Nitrogen Partners (RNF) at Buy; Well Positioned to Take Advantage of Low Natural Gas Costs & Vast Local Markets
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Price: $11.41 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Dahlman Rose initiates coverage on Rentech Nitrogen Partners (NYSE: RNF) with a Buy. PT $21.00.
Dahlman analyst says, "We see the business model for RNF, which includes the payout of most of the earnings stream as the reasonable exercise of intelligence when faced with a situation which offers only limited room for growth. That is, the unique combination of location and low raw material costs offers the opportunity to bring outsized returns, but the situation cannot be replicated to any significant degree. Given the current global agricultural environment with relatively robust grain prices and strong planting incentives, we envision fairly strong earnings for at least the next few years."
For an analyst ratings summary and ratings history on Rentech Nitrogen Partners click here. For more ratings news on Rentech Nitrogen Partners click here.
Shares of Rentech Nitrogen Partners closed at $18.40 yesterday.
Dahlman analyst says, "We see the business model for RNF, which includes the payout of most of the earnings stream as the reasonable exercise of intelligence when faced with a situation which offers only limited room for growth. That is, the unique combination of location and low raw material costs offers the opportunity to bring outsized returns, but the situation cannot be replicated to any significant degree. Given the current global agricultural environment with relatively robust grain prices and strong planting incentives, we envision fairly strong earnings for at least the next few years."
For an analyst ratings summary and ratings history on Rentech Nitrogen Partners click here. For more ratings news on Rentech Nitrogen Partners click here.
Shares of Rentech Nitrogen Partners closed at $18.40 yesterday.
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