The stock of REX American Resources Corp (NYSE:REX) hit a new 52-week high and has $100.08 target or 9.00% above today’s $91.82 share price. The 9 months bullish chart indicates low risk for the $605.72 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $100.08 price target is reached, the company will be worth $54.51 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 64,901 shares traded hands. REX American Resources Corp (NYSE:REX) has risen 62.63% since April 26, 2016 and is uptrending. It has outperformed by 57.37% the S&P500.
Analysts await REX American Resources Corp (NYSE:REX) to report earnings on December, 7. They expect $1.20 EPS, up 11.11% or $0.12 from last year’s $1.08 per share. REX’s profit will be $7.92 million for 19.13 P/E if the $1.20 EPS becomes a reality. After $1.24 actual EPS reported by REX American Resources Corp for the previous quarter, Wall Street now forecasts -3.23% negative EPS growth.
REX American Resources Corp (NYSE:REX) Ratings Coverage
Out of 2 analysts covering REX American Resources (NYSE:REX), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. REX American Resources has been the topic of 2 analyst reports since December 3, 2015 according to StockzIntelligence Inc. Feltl & Co initiated the shares of REX in a report on Thursday, September 15 with “Buy” rating. The stock of REX American Resources Corp (NYSE:REX) earned “Buy” rating by Singular Research on Thursday, December 3.
According to Zacks Investment Research, “REX American Resources Corporation, formerly known as REX Stores Corporation, is engaged in the production and sale of ethanol and distillers grains. The Company owns interests in corn- or sorghum-based ethanol production facilities in Illinois, Iowa and Texas. The Company also intends to monetize its real estate assets via leases and property sales, as market conditions allow. REX American Resources Corporation is headquartered in Dayton, Ohio.”
Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.84, from 0.64 in 2016Q1. The ratio improved, as 13 funds sold all REX American Resources Corp shares owned while 51 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 6.15 million shares or 4.47% less from 6.44 million shares in 2016Q1.
Creative Planning, a Kansas-based fund reported 400 shares. Voya Invest Management Limited Liability Co accumulated 27,080 shares or 0% of the stock. Manufacturers Life The has invested 0% of its portfolio in REX American Resources Corp (NYSE:REX). Citigroup accumulated 0% or 3,042 shares. Nationwide Fund reported 11,731 shares or 0% of all its holdings. Vanguard Grp has 340,842 shares for 0% of their US portfolio. Matarin Management Limited holds 0% or 86,197 shares in its portfolio. Envestnet Asset Mngmt last reported 2,959 shares in the company. Northern Tru Corporation holds 307,307 shares or 0.01% of its portfolio. Blackrock Group Limited accumulated 0% or 6,113 shares. Moreover, Principal Fincl Gru has 0% invested in REX American Resources Corp (NYSE:REX) for 39,226 shares. Tiaa Cref Investment Mgmt Ltd Llc last reported 0% of its portfolio in the stock. Price T Rowe Associates Md holds 0% of its portfolio in REX American Resources Corp (NYSE:REX) for 178,700 shares. Federated Invsts Pa holds 9,981 shares or 0% of its portfolio. Swiss Bank & Trust has 9,500 shares for 0% of their US portfolio.
Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 18 insider sales for $6.34 million net activity. $84,800 worth of shares were sold by Alphonso Mervyn L on Tuesday, October 4. 4,608 REX American Resources Corp (NYSE:REX) shares with value of $397,991 were sold by ROSE STUART A. $176,000 worth of REX American Resources Corp (NYSE:REX) shares were sold by TOMCHIN LAWRENCE. On Thursday, October 6 BRUGGEMAN DOUGLAS sold $130,328 worth of the stock or 1,500 shares. On Friday, September 30 KRESS EDWARD M sold $1.27 million worth of the stock or 15,000 shares.
More recent REX American Resources Corp (NYSE:REX) news were published by: Marketwatch.com which released: “Rex American Resources Corp.” on June 11, 2009. Also Thestreet.com published the news titled: “Why REX American Resources (REX) Stock Is Spiking Today” on August 27, 2014. Quotes.Wsj.com‘s news article titled: “News Rex American Resources Corp.REX” with publication date: February 11, 2011 was also an interesting one.
REX Company Profile
Rex American Resources Corporation, incorporated on February 13, 1984, is a holding company. The Firm has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Firm 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). One Earth has its ethanol production facility in Gibson City, Illinois. NuGen operates an ethanol producing facility in Marion, South Dakota. Big River is a holding firm for various entities, including Big River Resources West Burlington, LLC, which operates an ethanol plant in West Burlington, Iowa.
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