REX American Resources (REX) Stock Forecast & Price Target

$44.81

-0.63 (-1.39%)

(As of 09/18/2024 ET)

REX American Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 1 Analyst Ratings

Based on 1 Wall Street analysts who have issued ratings for REX American Resources in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for REX.

Consensus Price Target

$60.00
33.90% Upside

High Forecast	$60.00
Average Forecast	$60.00
Low Forecast	$60.00

According to the 1 analysts' twelve-month price targets for REX American Resources, the average price target is $60.00. The highest price target for REX is $60.00, while the lowest price target for REX is $60.00. The average price target represents a forecasted upside of 33.90% from the current price of $44.81.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$60.00	$65.00	$65.00	$45.00
Forecasted Upside	33.90% Upside	43.68% Upside	43.68% Upside	24.55% Upside

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REX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

REX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

REX American Resources Stock vs. The Competition

Type	REX American Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.00	2.59	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	32.66% Upside	199.37% Upside	7.49% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
8/27/2024	Truist Financial 1 of 5 stars		Lower Target	Buy ➝ Buy	$65.00 ➝ $60.00	+26.32%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:51 PM ET.

REX Forecast - Frequently Asked Questions

What is REX American Resources' forecast for 2024?: According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for REX American Resources is $60.00, with a high forecast of $60.00 and a low forecast of $60.00.
Should I buy or sell REX American Resources stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for REX American Resources in the last twelve months. There is currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" REX shares.
Does REX American Resources's stock price have much upside?: According to analysts, REX American Resources's stock has a predicted upside of 26.32% based on their 12-month stock forecasts.
What analysts cover REX American Resources?: REX American Resources has been rated by research analysts at Truist Financial in the past 90 days.
Do Wall Street analysts like REX American Resources more than its competitors?: Analysts like REX American Resources more than other "oils/energy" companies. The consensus rating for REX American Resources is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how REX compares to other companies.