Green Plains Renewable Energy Upgraded to “Outperform” at Zacks (GPRE)
Green Plains Renewable Energy (NASDAQ:GPRE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, American Banking & Market News reports. The firm currently has a $20.50 price objective on the stock. Zacks‘ target price suggests a potential upside of 7.95% from the stock’s previous close.
Green Plains Renewable Energy (NASDAQ:GPRE) traded up 1.28% on Tuesday, hitting $18.99. 1,494,165 shares of the company’s stock traded hands. Green Plains Renewable Energy has a one year low of $7.51 and a one year high of $20.00. The stock has a 50-day moving average of $17.46 and a 200-day moving average of $16.2. The company has a market cap of $578.8 million and a P/E ratio of 12.25.
Green Plains Renewable Energy (NASDAQ:GPRE) last released its earnings data on Tuesday, October 29th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.08. The company had revenue of $757.97 million for the quarter, compared to the consensus estimate of $765.61 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 20.0% on a year-over-year basis. Analysts expect that Green Plains Renewable Energy will post $0.96 EPS for the current fiscal year.
A number of other firms have also recently commented on GPRE. Analysts at Stephens downgraded shares of Green Plains Renewable Energy from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday. Analysts at Piper Jaffray upgraded shares of Green Plains Renewable Energy from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, November 20th. They now have a $20.00 price target on the stock, up previously from $17.00. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Green Plains Renewable Energy has a consensus rating of “Buy” and a consensus price target of $20.16.
Green Plains Renewable Energy, Inc (NASDAQ:GPRE) is vertically integrated producer, marketer and distributer of ethanol.
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