Green Plains Hits New 1-Year High at $44.93 (GPRE)
Shares of Green Plains (NASDAQ:GPRE) hit a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The stock traded as high as $44.93 and last traded at $44.51, with a volume of 357,811 shares changing hands. The stock had previously closed at $44.65.
A number of analysts have recently weighed in on GPRE shares. Analysts at Jefferies Group raised their price target on shares of Green Plains from $40.00 to $47.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Separately, analysts at Feltl & Co. upgraded shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Finally, analysts at Wedbush raised their price target on shares of Green Plains from $29.00 to $41.00 in a research note on Thursday, July 31st. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.60.
The stock’s 50-day moving average is $39.46 and its 200-day moving average is $31.5. The company has a market cap of $1.652 billion and a price-to-earnings ratio of 16.65.
Green Plains (NASDAQ:GPRE) last announced its 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 $3.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, August 26th. This is a positive change from Green Plains’s previous quarterly dividend of $0.04.
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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