Renewable Energy Group (NASDAQ:REGI) Lifted to “Strong-Buy” at ValuEngine

Renewable Energy Group (NASDAQ:REGI) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Several other research analysts also recently issued reports on the company. Zacks Investment Research raised Renewable Energy Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. BWS Financial reissued a “buy” rating on shares of Renewable Energy Group in a research note on Friday, September 6th. Finally, BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Renewable Energy Group presently has an average rating of “Buy” and a consensus target price of $29.33.

NASDAQ:REGI opened at $17.26 on Tuesday. The stock’s fifty day moving average price is $16.55 and its two-hundred day moving average price is $14.96. Renewable Energy Group has a 52-week low of $9.90 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.43. The company has a market cap of $672.32 million, a price-to-earnings ratio of 2.54 and a beta of 1.23.

Several hedge funds have recently bought and sold shares of REGI. First Trust Advisors LP lifted its stake in shares of Renewable Energy Group by 2.0% in 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 purchasing an additional 2,098 shares during the period. Arizona State Retirement System lifted its stake in shares of Renewable Energy Group by 1.4% in the 2nd 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 period. Strs Ohio lifted its stake in shares of Renewable Energy Group by 29.1% in the 2nd quarter. Strs Ohio now owns 42,600 shares of the oil and gas company’s stock valued at $675,000 after purchasing an additional 9,600 shares during the period. Systematic Financial Management LP lifted its stake in shares of Renewable Energy Group by 17.3% in the 2nd quarter. Systematic Financial Management LP now owns 53,215 shares of the oil and gas company’s stock valued at $844,000 after purchasing an additional 7,850 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Renewable Energy Group by 114.2% in the 2nd quarter. SG Americas Securities LLC now owns 18,544 shares of the oil and gas company’s stock valued at $294,000 after purchasing an additional 9,887 shares during the period.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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