REX American Resources (NYSE:REX) PT Lowered to $60.00

REX American Resources (NYSE:REX) had its price objective lowered by analysts at Truist Financial from $65.00 to $60.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Truist Financial’s target price points to a potential upside of 34.71% from the stock’s previous close.

Separately, StockNews.com downgraded shares of REX American Resources from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd.

REX American Resources Price Performance

Shares of REX opened at $44.54 on Tuesday. The stock has a 50-day moving average of $45.89 and a 200-day moving average of $49.01. REX American Resources has a one year low of $35.73 and a one year high of $60.78. The company has a market cap of $779.63 million, a PE ratio of 11.88 and a beta of 0.96.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. REX American Resources had a return on equity of 11.53% and a net margin of 8.43%. The firm had revenue of $148.16 million during the quarter, compared to analysts’ expectations of $146.00 million. During the same quarter last year, the firm posted $0.52 earnings per share. Analysts expect that REX American Resources will post 1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in REX American Resources by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,452,285 shares of the energy company’s stock worth $68,693,000 after buying an additional 7,369 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of REX American Resources by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock worth $70,535,000 after acquiring an additional 68,211 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of REX American Resources by 148.8% in the second quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock valued at $12,248,000 after purchasing an additional 160,685 shares during the last quarter. Brightline Capital Management LLC bought a new position in shares of REX American Resources during the fourth quarter valued at about $7,946,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in REX American Resources by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,762 shares of the energy company’s stock worth $6,043,000 after purchasing an additional 5,433 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Company Profile

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.