Fintel reports that on September 20, 2023, Truist Securities maintained coverage of REX American Resources (NYSE:REX) with a Buy recommendation.
Analyst Price Forecast Suggests 11.32% Upside
As of August 31, 2023, the average one-year price target for REX American Resources is 43.86. The forecasts range from a low of 41.41 to a high of $47.25. The average price target represents an increase of 11.32% from its latest reported closing price of 39.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for REX American Resources is 835MM, a decrease of 1.23%. The projected annual non-GAAP EPS is 2.00.
What is the Fund Sentiment?
There are 393 funds or institutions reporting positions in REX American Resources. This is a decrease of 4 owner(s) or 1.01% in the last quarter. Average portfolio weight of all funds dedicated to REX is 0.08%, an increase of 6.62%. Total shares owned by institutions decreased in the last three months by 3.33% to 16,143K shares. 
The put/call ratio of REX is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 1,079K shares representing 6.16% ownership of the company. In it's prior filing, the firm reported owning 1,108K shares, representing a decrease of 2.75%. The firm increased its portfolio allocation in REX by 14.76% over the last quarter.
Renaissance Technologies holds 892K shares representing 5.10% ownership of the company. In it's prior filing, the firm reported owning 919K shares, representing a decrease of 3.04%. The firm increased its portfolio allocation in REX by 28.33% over the last quarter.
Systematic Financial Management holds 806K shares representing 4.60% ownership of the company. In it's prior filing, the firm reported owning 782K shares, representing an increase of 2.95%. The firm increased its portfolio allocation in REX by 21.12% over the last quarter.
Brown Advisory holds 651K shares representing 3.72% ownership of the company. In it's prior filing, the firm reported owning 701K shares, representing a decrease of 7.58%. The firm increased its portfolio allocation in REX by 117.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 477K shares representing 2.73% ownership of the company. No change in the last quarter.
REX American Resources Background Information
(This description is provided by the company.)
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 605 million gallons of ethanol over the twelve month period ended October 31, 2020. REX's effective ownership of the trailing twelve month gallons shipped (for the twelve months ended October 31, 2020) by the ethanol production facilities in which it currently has ownership interests was approximately 220 million gallons.
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