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

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Alto Ingredients (ALTOResearch Report) today and set a price target of $16.00. The company’s shares closed last Tuesday at $5.66.

According to TipRanks.com, Dayal is a top 100 analyst with an average return of 61.5% and a 50.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Westport Fuel Systems, Orion Energy Systems, and Ceco Environmental.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alto Ingredients with a $12.00 average price target.

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The company has a one-year high of $11.44 and a one-year low of $1.84. Currently, Alto Ingredients has an average volume of 2.8M.

Based on the recent corporate insider activity of 24 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.