Zacks: REX American Resources Corp (NYSE:REX) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of REX American Resources Corp (NYSE:REX) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Zacks has also given REX American Resources Corp an industry rank of 154 out of 265 based on the ratings given to related companies.

REX American Resources Corp (NYSE:REX) opened at 54.07 on Monday. The firm has a market cap of $370.81 million and a P/E ratio of 8.53. REX American Resources Corp has a 12-month low of $43.50 and a 12-month high of $67.99. The stock’s 50 day moving average is $54.70 and its 200 day moving average is $55.16.

Separately, Singular Research dropped their target price on REX American Resources Corp from $75.00 to $67.50 and set a “buy” rating for the company in a research report on Thursday, December 3rd.

12 Month Chart for NYSE:REX

Rex American Resources Corporation (NYSE:REX) is a holding company to succeed to the entire ownership of three affiliated companies, Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of January 31, 2015, the Company invested in four ethanol production entities, two of which the Company has a majority ownership interest. The Company’s ethanol investments include One Earth Energy, LLC, NuGen Energy, LLC, Patriot Holdings, LLC, Big River Resources W Burlington, LLC, Big River Resources Galva, LLC, Big River United Energy, LLC and Big River Resources Boyceville, LLC. The Company owns around 74% of the outstanding membership units of One Earth Energy, LLC, around 99% of NuGen Energy, LLC, around 27% of Patriot Holdings, LLC and around 10% of Big River Resources, LLC.

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