Renewable Energy Group Rating Increased to Neutral at Zacks (REGI)
Renewable Energy Group (NASDAQ:REGI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday. The firm currently has a $11.70 price target on the stock. Zacks‘s price objective suggests a potential upside of 2.54% from the company’s current price.
Shares of Renewable Energy Group (NASDAQ:REGI) traded down 0.57% during mid-day trading on Wednesday, hitting $11.345. The stock had a trading volume of 287,359 shares. Renewable Energy Group has a 1-year low of $8.51 and a 1-year high of $16.50. The stock’s 50-day moving average is $10.79 and its 200-day moving average is $11.09. The company has a market cap of $440.0 million and a P/E ratio of 3.40.
Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Tuesday, May 6th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.02. The company had revenue of $219.00 million for the quarter, compared to the consensus estimate of $187.78 million. During the same quarter last year, the company posted $1.25 earnings per share. Renewable Energy Group’s revenue was down 17.1% compared to the same quarter last year. On average, analysts predict that Renewable Energy Group will post $0.05 earnings per share for the current fiscal year.
Renewable Energy Group, Inc is a producer of biodiesel in the United States. The Company is engaged in each aspect of biodiesel production, from acquiring feedstock, managing construction and operating biodiesel production facilities to marketing, selling and distributing biodiesel and its co-products.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.