Analyst Rating Update on Pacific Ethanol (PEIX)

Pacific Ethanol (PEIX) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 4 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

Pacific Ethanol (PEIX) stock is expected to deviate a maximum of $1.15 from the average target price of $10 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $9.

For the current week, the company shares have a recommendation consensus of Buy.


Pacific Ethanol (NASDAQ:PEIX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.35 and $6.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.40, notching a gain of 0.95% for the day. The total traded volume was 871,344 . The stock had closed at $6.34 on the previous day.

Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuels in the Western United States. The Company also sells ethanol co-products, including wet distillers grain (WDG), a nutritious animal feed, and corn oil. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, the Company provides transportation, storage and delivery of ethanol through third-party service providers. The Company holds a 96% ownership interest in PE Op Co., the owner of four ethanol production facilities. The Company sells ethanol produced by the four production facilities and unrelated third parties to gasoline refining and distribution companies, sells its WDG to dairy operators and animal feed distributors, and sells its corn oil to poultry and biodiesel customers. The Company markets all the ethanol it sells through its subsidiary, Kinergy Marketing, LLC.

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