H.C. Wainwright Thinks Pacific Ethanol’s Stock is Going to Recover


H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Pacific Ethanol (NASDAQ: PEIX) today and set a price target of $14. The company’s shares closed yesterday at $3.40, close to its 52-week low of $2.75.

According to TipRanks.com, Dayal is a 1-star analyst with an average return of -0.7% and a 39.5% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Plug Power, and BioAmber.

Pacific Ethanol has an analyst consensus of Moderate Buy, with a price target consensus of $10.50.

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The company has a one-year high of $7.50 and a one-year low of $2.75. Currently, Pacific Ethanol has an average volume of 466.8K.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PEIX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pacific Ethanol, Inc. produces and markets carbon renewable fuels in the Western United States. It operates through the Ethanol Production, and Marketing and Distribution segments. The Ethanol Production segment includes the production and sale of ethanol and co-products.

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