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Alto Ingredients (ALTO) Receives a Rating Update from a Top Analyst

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Alto Ingredients (ALTOResearch Report), with a price target of $16.00. The company’s shares closed last Monday at $4.92.

According to TipRanks.com, Dayal is a top 25 analyst with an average return of 49.2% and a 41.6% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Capstone Green Energy.

Alto Ingredients has an analyst consensus of Moderate Buy, with a price target consensus of $25.43.

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The company has a one-year high of $7.37 and a one-year low of $4.39. Currently, Alto Ingredients has an average volume of 2.47M.

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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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