Green Plains Renewable Energy Downgraded to Neutral at Wedbush (GPRE)
Green Plains Renewable Energy (NASDAQ:GPRE) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 17th. Separately, analysts at Zacks upgraded shares of Green Plains Renewable Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 7th. They now have a $20.50 price target on the stock. Finally, 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, January 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.85.
Green Plains Renewable Energy (NASDAQ:GPRE) opened at 22.88 on Friday. Green Plains Renewable Energy has a 1-year low of $8.78 and a 1-year high of $24.56. The stock has a 50-day moving average of $20.62 and a 200-day moving average of $17.35. The company has a market cap of $697.3 million and a price-to-earnings ratio of 14.92.
Green Plains Renewable Energy (NASDAQ:GPRE) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.26. The company had revenue of $712.90 million for the quarter, compared to the consensus estimate of $816.60 million. During the same quarter last year, the company posted $0.21 earnings per share. Green Plains Renewable Energy’s revenue was down 19.3% compared to the same quarter last year. Analysts expect that Green Plains Renewable Energy will post $1.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 21st. Investors of record on Friday, February 28th will be paid a dividend of 0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, February 26th.
Green Plains Renewable Energy, Inc (NASDAQ:GPRE) is vertically integrated producer, marketer and distributer of ethanol.
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