Rex American Resources Corp (NYSE: REX) has reported earnings for its first fiscal quarter (ending April 30) of $0.58 versus $0.30 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $3.76 compared to $1.58 a year ago.
Recent Price Action
Rex American Resources Corp (NYSE: REX) stock closed at $57.94 on 5/22/24 after a large increase of 3.1%. Moreover, this advance was accompanied by unusually high trading volume at 199% of normal. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
REX’s future returns on capital are forecasted to exceed 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Rex American Resources has a neutral Appreciation Score of 53 but a good Power Rating of 78, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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