Canaccord Genuity analyst Jonathan Dorsheimer maintained a Buy rating on Renewable Energy Group (NASDAQ:REGI) Inc. on Wednesday, setting a price target of $44, which is approximately 62.06% above the present share price of $27.15.
Dorsheimer expects Renewable Energy Group Inc . to post earnings per share (EPS) of $1.93 for the second quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Renewable Energy Group, with an average price target of $39.5.
The analysts price targets range from a high of $44 to a low of $35.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $474.67 million and a net profit of $79.79 million. The company's market cap is $1.14 billion.
According to TipRanks.com, Canaccord Genuity analyst Jonathan Dorsheimer is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.3% and a 44.56% success rate.
Renewable Energy Group, Inc. is a holding company, which engages in the production and trade of biofuel and renewable chemicals. It operates through the following segments: Biomass-based Diesel, Services, and Corporate and Other. The Biomass-based Diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils and other feedstocks and methanol into biomass-based diesel. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third party plants and collects fees related to the services provided. The Corporate and Other segment includes trading activities related to petroleum-based heating oil, and diesel fuel as well as corporates activities. The company was founded in August 2006 and is headquartered in Ames, IA.