Renewable Energy Group, Inc. (NASDAQ:REGI) Given Average Rating of “Hold” by Analysts

Renewable Energy Group, Inc. (NASDAQ:REGIGet Rating) has earned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $67.57.

REGI has been the topic of a number of research reports. Piper Sandler cut their price objective on shares of Renewable Energy Group from $96.00 to $73.00 in a research report on Tuesday, January 25th. Raymond James reissued a “market perform” rating on shares of Renewable Energy Group in a research report on Friday, March 4th. StockNews.com began coverage on Renewable Energy Group in a report on Thursday, March 31st. They issued a “sell” rating for the company. Cowen lowered Renewable Energy Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $75.00 to $61.50 in a report on Thursday, March 10th. Finally, Citigroup decreased their price target on Renewable Energy Group from $75.00 to $61.50 and set a “neutral” rating for the company in a research note on Thursday, March 3rd.

Several hedge funds and other institutional investors have recently bought and sold shares of REGI. Amalgamated Bank grew its position in shares of Renewable Energy Group by 1.0% in the third quarter. Amalgamated Bank now owns 23,273 shares of the oil and gas company’s stock valued at $1,168,000 after purchasing an additional 240 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Renewable Energy Group by 3.0% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,951 shares of the oil and gas company’s stock worth $449,000 after buying an additional 257 shares during the period. FIL Ltd lifted its holdings in shares of Renewable Energy Group by 13.6% during the third quarter. FIL Ltd now owns 2,257 shares of the oil and gas company’s stock worth $113,000 after buying an additional 270 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Renewable Energy Group by 1.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 20,041 shares of the oil and gas company’s stock valued at $851,000 after acquiring an additional 275 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Renewable Energy Group by 1.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 19,031 shares of the oil and gas company’s stock valued at $955,000 after acquiring an additional 280 shares in the last quarter. Institutional investors own 92.49% of the company’s stock.

Shares of REGI opened at $61.20 on Thursday. The firm has a market cap of $3.08 billion, a P/E ratio of 14.04 and a beta of 0.59. Renewable Energy Group has a twelve month low of $32.54 and a twelve month high of $73.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.23 and a current ratio of 6.07. The firm’s 50 day moving average price is $55.61 and its two-hundred day moving average price is $50.71.

Renewable Energy Group (NASDAQ:REGIGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The oil and gas company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. The company had revenue of $881.74 million for the quarter, compared to analyst estimates of $833.17 million. Renewable Energy Group had a return on equity of 12.88% and a net margin of 6.55%. During the same period in the previous year, the company posted $0.60 earnings per share. On average, sell-side analysts anticipate that Renewable Energy Group will post 3.47 earnings per share for the current fiscal year.

About Renewable Energy Group (Get Rating)

Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Bio-Based Diesel, Services, and Corporate and Other segments.

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Analyst Recommendations for Renewable Energy Group (NASDAQ:REGI)

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