Credit Suisse Reiterates Neutral Rating for Green Plains Renewable Energy (GPRE)
Green Plains Renewable Energy (NASDAQ:GPRE)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse in a research report issued on Friday. They currently have a $40.00 target price on the stock, up from their previous target price of $26.00. Credit Suisse’s price target would suggest a potential upside of 13.86% from the company’s current price.
Green Plains Renewable Energy (NASDAQ:GPRE) traded up 1.91% on Friday, hitting $35.80. The stock had a trading volume of 617,075 shares. Green Plains Renewable Energy has a 52-week low of $13.78 and a 52-week high of $35.89. The stock has a 50-day moving average of $31.49 and a 200-day moving average of $27.03. The company has a market cap of $1.339 billion and a P/E ratio of 16.01.
Green Plains Renewable Energy (NASDAQ:GPRE) last announced its earnings results on Tuesday, April 29th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.27. The company had revenue of $733.90 million for the quarter, compared to the consensus estimate of $775.70 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts predict that Green Plains Renewable Energy will post $3.17 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GPRE. Analysts at Stephens upgraded shares of Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 9th. Separately, analysts at Zacks downgraded shares of Green Plains Renewable Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $34.30 price target on the stock. Finally, analysts at Feltl & Co. downgraded shares of Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. They now have a $27.84 price target on the stock, down previously from $32.30. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Green Plains Renewable Energy currently has an average rating of “Hold” and a consensus target price of $32.86.
Green Plains Renewable Energy, Inc (NASDAQ:GPRE) is vertically integrated producer, marketer and distributer of ethanol.
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