Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Rex American Resources Corp (NYSE: REX) weakened recently. REX’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Rex American Resources Corp (NYSE: REX) stock closed at $43.77 on 9/13/24 after an increase of 1.3%. However, unusually low trading volume at 61% of normal accompanied the advance. The stock has risen 3.0% during the last week and has performed in line with 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Rex American Resources has a neutral Appreciation Score of 45 and a slightly negative Power Rating of 37, with the Negative Value Trend Rating the result.
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