Analysts at Feltl & Co. assumed coverage on shares of REX American Resources Corp. (NYSE:REX) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating and a $94.50 price target on the stock. Feltl & Co.’s price objective would indicate a potential upside of 12.23% from the company’s previous close.

Shares of REX American Resources Corp. (NYSE:REX) opened at 84.20 on Thursday. The company has a 50 day moving average price of $73.92 and a 200 day moving average price of $60.89. The company has a market cap of $554.20 million, a P/E ratio of 25.61 and a beta of 1.64. REX American Resources Corp. has a one year low of $44.48 and a one year high of $87.13.

REX American Resources Corp. (NYSE:REX) last posted its earnings results on Thursday, August 25th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.13. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. The company had revenue of $115.70 million for the quarter, compared to analyst estimates of $109.09 million. Equities research analysts expect that REX American Resources Corp. will post $3.81 earnings per share for the current year.

In other news, CFO Douglas Bruggeman sold 1,500 shares of REX American Resources Corp. stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. Following the transaction, the chief financial officer now directly owns 33,651 shares in the company, valued at $2,860,335. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stuart A. Rose sold 10,524 shares of REX American Resources Corp. stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $85.95, for a total value of $904,537.80. Following the completion of the transaction, the insider now owns 656,622 shares in the company, valued at $56,436,660.90. The disclosure for this sale can be found here. 14.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of REX. Public Employees Retirement System of Ohio raised its position in REX American Resources Corp. by 17.5% in the second quarter. Public Employees Retirement System of Ohio now owns 7,811 shares of the company’s stock worth $467,000 after buying an additional 1,165 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in REX American Resources Corp. by 22.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,874 shares of the company’s stock worth $1,489,000 after buying an additional 4,618 shares during the last quarter. Guggenheim Capital LLC raised its position in REX American Resources Corp. by 3.1% in the second quarter. Guggenheim Capital LLC now owns 14,022 shares of the company’s stock worth $839,000 after buying an additional 426 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in REX American Resources Corp. by 1.7% in the second quarter. Parametric Portfolio Associates LLC now owns 17,033 shares of the company’s stock worth $1,019,000 after buying an additional 292 shares during the last quarter. Finally, Menta Capital LLC raised its position in REX American Resources Corp. by 16.5% in the second quarter. Menta Capital LLC now owns 31,463 shares of the company’s stock worth $1,882,000 after buying an additional 4,449 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

REX American Resources Corp. Company Profile

Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

5 Day Chart for NYSE:REX

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