In a report released today, Craig Irwin from Roth Capital reiterated a Buy rating on Renewable Energy Group (NASDAQ: REGI), with a price target of $25. The company’s shares opened today at $18.95.
According to TipRanks.com, Irwin is a 3-star analyst with an average return of 1.5% and a 47.5% success rate. Irwin covers the Consumer Goods sector, focusing on stocks such as Darling Ingredients, Green Plains Inc, and Control4 Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Renewable Energy Group with a $23 average price target, implying a 21.4% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a $21 price target.
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Based on Renewable Energy Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $32.96 million. In comparison, last year the company had a GAAP net loss of $34.81 million.
Based on the recent corporate insider activity of 31 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 REGI 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.
Renewable Energy Group, Inc. is a holding company, which engages in the production and trade of biofuel and renewable chemicals. It operates through the three segments: Biomass-based Diesel, Services, Renewable Chemicals, and Corporate and Other.
