Craig-Hallum analyst Eric Stine reiterated a Buy rating on Alto Ingredients (ALTO – Research Report) today. The company’s shares closed last Friday at $3.68.
According to TipRanks, Stine is a 5-star analyst with an average return of 11.4% and a 39.49% success rate. Stine covers the Energy sector, focusing on stocks such as Plug Power, Vertex Energy, and Broadwind Energy.
Currently, the analyst consensus on Alto Ingredients is a Moderate Buy with an average price target of $7.00.
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ALTO market cap is currently $279.4M and has a P/E ratio of -3.96.
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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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