Green Plains Hits New 52-Week High After Analyst Upgrade (GPRE)
Green Plains (NASDAQ:GPRE)’s share price reached a new 52-week high during trading on Monday after Jefferies Group raised their price target on the stock from $40.00 to $47.00, Analyst RN reports. Jefferies Group currently has a buy rating on the stock. Green Plains traded as high as $40.67 and last traded at $40.01, with a volume of 958,256 shares traded. The stock had previously closed at $39.41.
Other equities research analysts have also recently issued reports about the stock. Analysts at Feltl & Co. upgraded shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Friday. Separately, analysts at Wedbush raised their price target on shares of Green Plains from $29.00 to $41.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Green Plains from $35.00 to $50.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.50.
The stock’s 50-day moving average is $35.27 and its 200-day moving average is $29.09. The company has a market cap of $1.503 billion and a P/E ratio of 14.69.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.14. The company had revenue of $837.90 million for the quarter, compared to the consensus estimate of $854.13 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that Green Plains will post $3.88 EPS for the current fiscal year.
Green Plains Inc (NASDAQ:GPRE), formerly Green Plains Renewable Energy, Inc, incorporated on June 29, 2004, is vertically integrated producer, marketer and distributer of ethanol.
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