Renewable Energy Group Inc (NASDAQ:REGI) Receives $28.50 Consensus Target Price from Analysts

Renewable Energy Group Inc (NASDAQ:REGI) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $30.67.

Several equities research analysts have recently commented on the company. ValuEngine raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. BWS Financial reaffirmed a “buy” rating on shares of Renewable Energy Group in a research note on Friday, September 6th. HC Wainwright assumed coverage on Renewable Energy Group in a report on Tuesday. They issued a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research upgraded Renewable Energy Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP raised its position in shares of Renewable Energy Group by 2.0% during the 1st quarter. First Trust Advisors LP now owns 104,698 shares of the oil and gas company’s stock valued at $2,299,000 after acquiring an additional 2,098 shares during the last quarter. 6 Meridian grew its stake in shares of Renewable Energy Group by 5.4% during the second quarter. 6 Meridian now owns 26,769 shares of the oil and gas company’s stock worth $425,000 after purchasing an additional 1,375 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Renewable Energy Group by 5.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,234,135 shares of the oil and gas company’s stock valued at $19,574,000 after purchasing an additional 66,769 shares during the last quarter. Arizona State Retirement System increased its holdings in Renewable Energy Group by 1.4% in the second quarter. Arizona State Retirement System now owns 58,355 shares of the oil and gas company’s stock valued at $926,000 after purchasing an additional 815 shares during the last quarter. Finally, Strs Ohio lifted its stake in Renewable Energy Group by 29.1% in the second quarter. Strs Ohio now owns 42,600 shares of the oil and gas company’s stock valued at $675,000 after buying an additional 9,600 shares during the period.

NASDAQ:REGI traded up $0.80 during trading hours on Thursday, hitting $18.05. 723,554 shares of the stock were exchanged, compared to its average volume of 542,515. The company has a market capitalization of $672.26 million, a P/E ratio of 2.66 and a beta of 1.23. The company has a quick ratio of 0.77, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $16.55 and its two-hundred day moving average is $14.96. Renewable Energy Group has a twelve month low of $9.90 and a twelve month high of $29.61.

About Renewable Energy Group

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

Read More: What is the Shanghai Stock Exchange Composite Index?

Leave a Reply

Your email address will not be published. Required fields are marked *

*