Renewable Energy Group Inc (REGI) Receives $33.00 Consensus Target Price from Analysts

Renewable Energy Group Inc (NASDAQ:REGI) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $33.00.

Several equities analysts have weighed in on the stock. Canaccord Genuity boosted their target price on shares of Renewable Energy Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Roth Capital set a $25.00 target price on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Tuesday, August 7th. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 18th. Zacks Investment Research upgraded shares of Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Saturday, August 11th. Finally, TheStreet upgraded shares of Renewable Energy Group from a “c+” rating to a “b” rating in a report on Wednesday, November 14th.

NASDAQ:REGI opened at $26.84 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -13.16 and a beta of 1.21. Renewable Energy Group has a 1-year low of $9.50 and a 1-year high of $32.52.

Renewable Energy Group (NASDAQ:REGI) last posted its earnings results on Tuesday, November 6th. The oil and gas company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. The company had revenue of $597.75 million for the quarter, compared to analyst estimates of $594.60 million. Renewable Energy Group had a net margin of 10.21% and a return on equity of 34.52%. Equities analysts expect that Renewable Energy Group will post 1.19 EPS for the current fiscal year.

In other news, VP Eric Bowen sold 6,769 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $27.11, for a total value of $183,507.59. Following the transaction, the vice president now directly owns 104,452 shares in the company, valued at approximately $2,831,693.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 36,519 shares of company stock worth $987,860. Company insiders own 1.97% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in Renewable Energy Group by 32.6% during the 3rd quarter. Legal & General Group Plc now owns 79,827 shares of the oil and gas company’s stock worth $2,273,000 after buying an additional 19,647 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Renewable Energy Group by 4.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 307,118 shares of the oil and gas company’s stock worth $8,845,000 after buying an additional 13,088 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Renewable Energy Group by 4.4% during the 3rd quarter. Teachers Advisors LLC now owns 777,264 shares of the oil and gas company’s stock worth $22,385,000 after buying an additional 32,565 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Renewable Energy Group during the 3rd quarter worth approximately $804,000. Finally, AQR Capital Management LLC lifted its holdings in Renewable Energy Group by 37.7% during the 3rd quarter. AQR Capital Management LLC now owns 241,338 shares of the oil and gas company’s stock worth $6,951,000 after buying an additional 66,052 shares in the last quarter.

About Renewable Energy Group

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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