The Brokerages Set $89.00 Target Price for REX American Resources Corporation (REX), Report finds

Brokers have set a 1-year consensus price target of $89.00 for the company and are anticipating that the company will post $1.59 earnings per share for the current quarter, according to Zacks. Zacks has also given REX American Resources Corporation an industry rank of 98 out of 265 based on the ratings given to its competitors.

Shares of REX American Resources Corporation (NYSE:REX) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. REX American Resources Corporation’s rating score has declined by 20% in the last 90 days as a result of various analysts’ ratings changes.

Separately, Feltl & Co. cut REX American Resources Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th.

In other news, Director Lawrence Tomchin sold 4,100 shares of REX American Resources Corporation stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $89.51, for a total transaction of $366,991.00. Following the sale, the director now directly owns 117,819 shares of the company’s stock, valued at $10,545,978.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas Bruggeman sold 1,000 shares of REX American Resources Corporation stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $98.60, for a total value of $98,600.00. Following the sale, the chief financial officer now directly owns 31,649 shares in the company, valued at $3,120,591.40. The disclosure for this sale can be found here. Insiders have sold 86,152 shares of company stock worth $8,375,308 over the last three months. Insiders own 14.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in REX. ClariVest Asset Management LLC boosted its position in shares of REX American Resources Corporation by 1.0% in the third quarter. ClariVest Asset Management LLC now owns 10,400 shares of the company’s stock valued at $881,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of REX American Resources Corporation by 2.3% in the third quarter. Texas Permanent School Fund now owns 4,312 shares of the company’s stock valued at $365,000 after buying an additional 98 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of REX American Resources Corporation by 8.7% in the third quarter. California Public Employees Retirement System now owns 42,300 shares of the company’s stock valued at $3,585,000 after buying an additional 3,400 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of REX American Resources Corporation during the third quarter valued at about $212,000. Finally, Quantitative Investment Management LLC acquired a new position in shares of REX American Resources Corporation during the third quarter valued at about $372,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of REX American Resources Corporation (NYSE:REX) opened at 84.96 on Wednesday. REX American Resources Corporation has a 1-year low of $48.29 and a 1-year high of $102.59. The company’s 50-day moving average price is $90.16 and its 200-day moving average price is $84.68. The company has a market capitalization of $559.21 million, a PE ratio of 23.94 and a beta of 2.06.

REX American Resources Corporation (NYSE:REX) last released its earnings results on Tuesday, November 29th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.16. REX American Resources Corporation had a return on equity of 6.53% and a net margin of 5.38%. The firm had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $110.48 million. On average, equities analysts expect that REX American Resources Corporation will post $4.62 earnings per share for the current fiscal year.

About REX American Resources Corporation

Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

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