Canaccord Genuity Cuts PT and Estimates on Renewable Energy Group (REGI); Reset For RVO
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Price: $13.25 +0.15%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade REGI Now!
Canaccord Genuity maintains a 'Buy' on Renewable Energy Group (NASDAQ: REGI) price target lowered $1 to $12.
Analyst, John Quealy, said, "In terms of first generation producers, we continue to favor Renewable Energy Group, with a profitable platform, even as Q1 seasonally weak trends linger and the lack of a renewable volume obligation (RVO) modestly lowers visibility into H2/12."
"Our 2012 revenue/adjusted EBITDA/EPS estimates go to $1.0B/$96.7M/$1.15 from $1.1B/$100M/$1.15. We deliberately adjust our ’13 assumptions to be more conservative – our new estimates are $1.2B/$108M/$1.41 from $1.3B/$135M/$1.96."
For an analyst ratings summary and ratings history on Renewable Energy Group click here. For more ratings news on Renewable Energy Group click here.
Shares of Renewable Energy Group closed at $7.82 yesterday, with a 52 week range of $7.72-$10.65.
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Analyst, John Quealy, said, "In terms of first generation producers, we continue to favor Renewable Energy Group, with a profitable platform, even as Q1 seasonally weak trends linger and the lack of a renewable volume obligation (RVO) modestly lowers visibility into H2/12."
"Our 2012 revenue/adjusted EBITDA/EPS estimates go to $1.0B/$96.7M/$1.15 from $1.1B/$100M/$1.15. We deliberately adjust our ’13 assumptions to be more conservative – our new estimates are $1.2B/$108M/$1.41 from $1.3B/$135M/$1.96."
For an analyst ratings summary and ratings history on Renewable Energy Group click here. For more ratings news on Renewable Energy Group click here.
Shares of Renewable Energy Group closed at $7.82 yesterday, with a 52 week range of $7.72-$10.65.
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