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Equities researchers at Singular Research increased their target price on shares of Rex American Resources Corp. (NYSE:REX) from $99.00 to $115.00 in a research report issued on Thursday. The firm currently has a “long” rating on the stock. Singular Research’s target price would indicate a potential upside of 14.37% from the company’s current price.

Separately, analysts at Sidoti downgraded shares of Rex American Resources Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, August 21st.

Shares of Rex American Resources Corp. (NYSE:REX) traded up 2.75% on Thursday, hitting $103.315. 30,892 shares of the company’s stock traded hands. Rex American Resources Corp. has a 52-week low of $26.70 and a 52-week high of $107.70. The stock’s 50-day moving average is $88.89 and its 200-day moving average is $68.20. The company has a market cap of $845.3 million and a P/E ratio of 15.40.

Rex American Resources Corp. (NYSE:REX) last released its earnings data on Wednesday, August 27th. The company reported $2.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.05 by $0.63. The company had revenue of $150.20 million for the quarter, compared to the consensus estimate of $147.00 million. During the same quarter last year, the company posted $0.70 earnings per share. Analysts expect that Rex American Resources Corp. will post $9.76 EPS for the current fiscal year.

In other Rex American Resources Corp. news, Director Lawrence Tomchin sold 12,626 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $94.10, for a total value of $1,188,106.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Rex American Resources Corporation (NYSE:REX) is a holding company to succeed to the entire ownership of three affiliated corporations, Rex Radio and Television, Inc, Stereo Town, Inc and Kelly & Cohen Appliances, Inc As of January 31, 2012, the Company had lease agreements, as landlord, for six owned former retail stores and had 16 vacant former retail properties.

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