Renewable Energy Group (NASDAQ:REGI) had its target price increased by Truist from $75.00 to $105.00 in a note issued to investors on Wednesday, The Fly reports. Truist's target price suggests a potential upside of 24.20% from the stock's current price.
Several other analysts have also recently weighed in on REGI. Zacks Investment Research cut shares of Renewable Energy Group from a "buy" rating to a "hold" rating in a research note on Wednesday. Wolfe Research began coverage on shares of Renewable Energy Group in a research note on Wednesday, October 21st. They issued an "outperform" rating for the company. ValuEngine raised shares of Renewable Energy Group from a "sell" rating to a "hold" rating in a research note on Friday, December 18th. BWS Financial upped their price objective on shares of Renewable Energy Group from $75.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, January 8th. Finally, BidaskClub upgraded shares of Renewable Energy Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 22nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus price target of $76.71.
NASDAQ REGI traded down $1.64 during trading hours on Wednesday, hitting $84.54. 18,121 shares of the company's stock traded hands, compared to its average volume of 1,291,427. Renewable Energy Group has a 52-week low of $16.05 and a 52-week high of $93.13. The company has a market capitalization of $3.33 billion, a PE ratio of 6.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.33. The firm's 50-day moving average is $69.29 and its 200-day moving average is $49.40.
Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Thursday, November 5th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). Renewable Energy Group had a net margin of 21.03% and a return on equity of 12.04%. The business had revenue of $576.05 million for the quarter, compared to analysts' expectations of $547.41 million. Equities research analysts predict that Renewable Energy Group will post 3.34 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Renewable Energy Group by 5.7% in the 3rd quarter. BlackRock Inc. now owns 7,751,882 shares of the oil and gas company's stock valued at $414,105,000 after purchasing an additional 416,509 shares in the last quarter. JPMorgan Chase & Co. grew its position in Renewable Energy Group by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,080,899 shares of the oil and gas company's stock worth $54,068,000 after purchasing an additional 387,701 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Renewable Energy Group by 20.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 547,586 shares of the oil and gas company's stock valued at $29,252,000 after acquiring an additional 93,824 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Renewable Energy Group by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 475,848 shares of the oil and gas company's stock valued at $11,791,000 after acquiring an additional 11,753 shares in the last quarter. Finally, FMR LLC acquired a new stake in shares of Renewable Energy Group in the second quarter valued at about $8,904,000. Institutional investors own 98.06% of the company's stock.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
Read More: Understanding Compound Annual Growth Rate (CAGR)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]