Streetbeat News

REX

REX American Resources Corporation

https://www.rexamerican.com

Industry

Chemicals - Specialty

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed. The company was formerly known as REX Stores Corporation and changed its name to REX American Resources Corporation in 2010. REX American Resources Corporation was founded in 1980 and is headquartered in Dayton, Ohio.

Open

48.35

Mkt cap

852M

Volume

50K

High

48.81

P/E Ratio

12.34

52-wk high

60.79

Low

47.81

Div yield

N/A

52-wk low

35.73

Truist Securities has reiterated its Buy rating on REX American Resources, maintaining a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:33 pm

REX American Resources reported Q2 2024 earnings per share of $0.70, surpassing the analyst estimate of $0.54, and sales of $148.16 million, exceeding the $146.00 million estimate. Despite the earnings beat, sales decreased by 30.11% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:33 am

Truist Securities has maintained a Buy rating on REX American Resources but lowered the price target from $65 to $60.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 10:02 am

Analysts have provided mixed ratings for REX American Resources (NYSE:REX) over the past three months, with a majority being bullish. The average 12-month price target has increased to $64.5, reflecting a 2.79% rise from the previous target. Despite a recent revenue decline, the company shows strong profitability and efficient financial management.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:01 pm

Truist Securities analyst Jordan Levy maintains a Buy rating on REX American Resources (NYSE:REX) with a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:49 pm

Truist Securities has reiterated its Buy rating on REX American Resources but has lowered the price target from $70 to $65.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:11 pm

REX American Resources (NYSE:REX) reported Q1 earnings per share (EPS) of $0.58, beating the analyst estimate of $0.40 by 45%. However, sales of $161.23 million missed the $165.28 million estimate and were down 24.20% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 10:07 am

Truist Securities analyst Jordan Levy has reiterated a Buy rating on REX American Resources (NYSE:REX), increasing the price target from $58 to $70.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:53 pm

Truist Securities analyst Jordan Levy has maintained a Buy rating on REX American Resources (NYSE:REX) with a consistent price target of $58.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:58 pm

Kodiak Sciences Inc. shares fell by around 20% after reporting a wider-than-expected Q4 loss. Other stocks showed significant movement, with Avalo Therapeutics leading gainers with a 430% jump after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a private placement financing. Losers included Primech Holdings, falling 46.7% after issuing financial updates. The market saw a mix of positive and negative movements across various sectors.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 6:08 pm

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