REX American Resources (NYSE:REX – Get Free Report) had its price target dropped by stock analysts at Truist Financial from $60.00 to $55.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Truist Financial’s target price would suggest a potential upside of 32.63% from the company’s current price.
REX American Resources Trading Up 1.7 %
Shares of NYSE:REX traded up $0.68 during midday trading on Monday, hitting $41.47. The stock had a trading volume of 11,512 shares, compared to its average volume of 149,793. REX American Resources has a 1 year low of $39.39 and a 1 year high of $60.78. The stock has a 50 day moving average price of $45.24 and a two-hundred day moving average price of $45.87. The company has a market capitalization of $728.63 million, a PE ratio of 10.86 and a beta of 0.90.
REX American Resources (NYSE:REX – Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period in the prior year, the company posted $1.49 earnings per share. As a group, equities analysts expect that REX American Resources will post 2.6 EPS for the current year.
Hedge Funds Weigh In On REX American Resources
About REX American Resources
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.
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