In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Alto Ingredients (ALTO – Research Report). The company’s shares closed last Friday at $1.90.
According to TipRanks, Stine is a 4-star analyst with an average return of 6.2% and a 35.29% success rate. Stine covers the Industrials sector, focusing on stocks such as Aspen Aerogels, PureCycle Technologies, and Chart Industries.
Currently, the analyst consensus on Alto Ingredients is a Moderate Buy with an average price target of $5.50.
Based on Alto Ingredients’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $273.62 million and a GAAP net loss of $18.95 million. In comparison, last year the company earned a revenue of $328.44 million and had a GAAP net loss of $33.07 million
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Alto Ingredients (ALTO) Company Description:
Pacific Ethanol, Inc. engages in the production and marketing of carbon renewable fuel. It operates through the Ethanol Production, and Marketing and Distribution business segments. The Ethanol Production segment includes the production and sale of ethanol and co-products. The Marketing and Distribution segment comprises of the marketing and merchant trading of company-produced ethanol; and co-products and third-party ethanol. The company was founded by William L. Jones and Neil M. Koehler on January 30, 2003 and is headquartered in Sacramento, CA.
Read More on ALTO:
- ALTO Earnings this Week: How Will it Perform?
- Alto Ingredients, Inc. to Release First Quarter 2024 Financial Results on May 6, 2024
- Alto Ingredients management to meet with Roth MKM
- Alto Ingredients Launches Performance-Based Executive Incentive Program
- Alto Ingredients reports FY23 EPS ($9.73) vs. ($8.04) last year
