Topeka Capital Starts Stock Coverage on Green Plains Renewable Energy (GPRE)

By admin | 6 years ago

Investment analysts at Topeka Capital assumed coverage on shares of Green Plains Renewable Energy (NASDAQ: GPRE) in a note issued to investors on Monday. The firm set a “buy” rating on the stock.

Green Plains Renewable Energy traded down 3.63% on Monday, hitting $7.045. Green Plains Renewable Energy has a 52-week low of $7.72 and a 52-week high of $12.55. The company has a market cap of $208.4 million and a price-to-earnings ratio of 13.92.

Green Plains Renewable Energy last posted its quarterly earnings results on Wednesday, April 25th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.21. Green Plains Renewable Energy’s revenue was down 4.5% compared to the same quarter last year. On average, analysts predict that Green Plains Renewable Energy will post $0.16 earnings per share next quarter.

GPRE has been the subject of a number of other recent research reports. Analysts at Wedbush cut their price target on shares of Green Plains Renewable Energy from $13.00 to $10.00 in a research note to investors on Sunday, April 29th. They now have an “outperform” rating on the stock. Separately, analysts at Feltl & Co. downgraded shares of Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a research note to investors on Thursday, April 26th. They now have a $9.40 price target on the stock, down previously from $14.04. 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 Thursday, April 19th.

Green Plains Renewable Energy, Inc. (Green Plains) is organised to construct and operate dry mill, fuel-grade ethanol production facilities.

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