In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Alto Ingredients (ALTO – Research Report), with a price target of $7.00. The company’s shares closed last Friday at $1.91.
According to TipRanks, Dayal is a top 100 analyst with an average return of 40.5% and a 42.60% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Ceco Environmental, and Lsi Industries.
Currently, the analyst consensus on Alto Ingredients is a Moderate Buy with an average price target of $6.00, representing a 214.14% upside. In a report released on March 10, Craig-Hallum also maintained a Buy rating on the stock with a $5.00 price target.
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Based on Alto Ingredients’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $328.44 million and a GAAP net loss of $33.07 million. In comparison, last year the company earned a revenue of $385.49 million and had a net profit of $36.15 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALTO in relation to earlier this year.
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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.
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