Important positive changes in Rex American Resources Corp (NYSE: REX) fundamentals have recently occurred: the consensus estimate for January, 2024 increased significantly, the consensus estimate for January, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Rex American Resources Corp (NYSE: REX) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
REX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Rex American Resources has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Rex American Resources has a neutral Appreciation Score of 59 but a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Recent Price Action
Rex American Resources Corp (NYSE: REX) stock closed at $47.02 on 1/3/24 after a slight gain of 0.2%. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.6% during the last week.
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