REX American Resources (NYSE:REX) Hits New 1-Year High - Time to Buy?

Key Points

• REX American Resources shares reached a new 52-week high at $32.88, indicating strong market performance and investor interest.
• The company has an average rating of "Moderate Buy" from analysts, with an average target price set at $25.00.
• Institutional investors own 88.12% of REX American Resources, highlighting significant confidence from large stakeholders in the company.

Shares of REX American Resources Corporation (NYSE:REX - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $32.83 and last traded at $32.88, with a volume of 89838 shares changing hands. The stock had previously closed at $31.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of REX American Resources in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, REX American Resources presently has an average rating of "Moderate Buy" and an average target price of $25.00.

REX American Resources Price Performance

The firm has a market cap of $1.08 billion, a PE ratio of 22.24 and a beta of 0.68. The company has a 50 day simple moving average of $29.90 and a 200-day simple moving average of $25.11.

REX American Resources (NYSE:REX - Get Free Report) last issued its earnings results on Wednesday, August 27th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $158.56 million during the quarter, compared to analyst estimates of $165.00 million. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%. On average, sell-side analysts predict that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Institutional Trading of REX American Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new stake in REX American Resources in the second quarter valued at approximately $33,000. GAMMA Investing LLC lifted its position in REX American Resources by 116.5% in the third quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company's stock valued at $33,000 after purchasing an additional 580 shares during the last quarter. AlphaQuest LLC bought a new stake in REX American Resources in the second quarter valued at approximately $58,000. CWM LLC raised its holdings in shares of REX American Resources by 139.8% during the first quarter. CWM LLC now owns 1,990 shares of the energy company's stock valued at $75,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of REX American Resources by 446.1% during the second quarter. Public Employees Retirement System of Ohio now owns 2,086 shares of the energy company's stock valued at $102,000 after acquiring an additional 1,704 shares in 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.

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