Green Plains Renewable Energy Price Target Increased to $45.00 by Analysts at Piper Jaffray (GPRE)
Investment analysts at Piper Jaffray upped their price target on shares of Green Plains Renewable Energy (NASDAQ:GPRE) from $36.00 to $45.00 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the stock. Piper Jaffray’s target price suggests a potential upside of 23.42% from the stock’s previous close.
A number of other analysts have also recently weighed in on GPRE. Analysts at Zacks upgraded shares of Green Plains Renewable Energy from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $38.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Green Plains Renewable Energy in a research note on Friday. They now have a $40.00 price target on the stock, up previously from $26.00. Finally, 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. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Green Plains Renewable Energy has an average rating of “Hold” and an average price target of $37.64.
Shares of Green Plains Renewable Energy (NASDAQ:GPRE) traded up 2.06% during mid-day trading on Monday, hitting $37.21. 281,025 shares of the company’s stock traded hands. Green Plains Renewable Energy has a 52 week low of $13.78 and a 52 week high of $36.63. The stock has a 50-day moving average of $31.74 and a 200-day moving average of $27.16. The company has a market cap of $1.392 billion and a P/E ratio of 16.62.
Green Plains Renewable Energy (NASDAQ:GPRE) last announced its earnings results on Tuesday, April 29th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Green Plains Renewable Energy will post $3.17 EPS for the current fiscal year.
Green Plains Renewable Energy, Inc (NASDAQ:GPRE) is vertically integrated producer, marketer and distributer of ethanol.
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