BidaskClub lowered shares of Renewable Energy Group (NASDAQ:REGI) from a strong-buy rating to a buy rating in a report released on Thursday morning.
Several other research firms also recently issued reports on REGI. ValuEngine downgraded shares of Renewable Energy Group from a strong-buy rating to a buy rating in a report on Monday, April 2nd. Canaccord Genuity restated a buy rating and set a $16.00 price objective on shares of Renewable Energy Group in a report on Tuesday, March 6th. Finally, Zacks Investment Research downgraded shares of Renewable Energy Group from a hold rating to a sell rating in a report on Thursday, December 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Renewable Energy Group has a consensus rating of Buy and an average price target of $14.75.
REGI opened at $12.95 on Thursday. Renewable Energy Group has a 52-week low of $9.50 and a 52-week high of $14.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.74. The stock has a market cap of $503.17, a PE ratio of -6.35 and a beta of 1.00.
A number of hedge funds and other institutional investors have recently modified their holdings of REGI. Tower Research Capital LLC TRC boosted its position in Renewable Energy Group by 73.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,887 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 5,020 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Renewable Energy Group in the fourth quarter valued at approximately $140,000. Millennium Management LLC purchased a new stake in Renewable Energy Group in the fourth quarter valued at approximately $160,000. Allianz Asset Management GmbH purchased a new stake in Renewable Energy Group in the third quarter valued at approximately $249,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Renewable Energy Group in the fourth quarter valued at approximately $268,000.
Renewable Energy Group Company Profile
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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