Shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the stock. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.57.

A number of equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Stephens upgraded shares of Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research report on Tuesday, October 4th. Roth Capital restated a “buy” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Green Plains Renewable Energy in a research report on Wednesday, October 5th. Finally, Jefferies Group restated a “buy” rating and issued a $32.00 price objective on shares of Green Plains Renewable Energy in a research report on Wednesday, October 5th.

Several hedge funds and other institutional investors have recently modified their holdings of GPRE. Dimensional Fund Advisors LP boosted its position in shares of Green Plains Renewable Energy by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,264,026 shares of the company’s stock worth $64,365,000 after buying an additional 21,247 shares during the period. BlackRock Fund Advisors boosted its position in shares of Green Plains Renewable Energy by 7.5% in the third quarter. BlackRock Fund Advisors now owns 2,533,173 shares of the company’s stock worth $66,369,000 after buying an additional 176,114 shares during the period. Vanguard Group Inc. boosted its position in shares of Green Plains Renewable Energy by 8.5% in the second quarter. Vanguard Group Inc. now owns 2,303,751 shares of the company’s stock worth $45,430,000 after buying an additional 181,002 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of Green Plains Renewable Energy by 7.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,838,154 shares of the company’s stock worth $36,248,000 after buying an additional 127,240 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Green Plains Renewable Energy by 1,998.0% in the second quarter. Van ECK Associates Corp now owns 1,586,627 shares of the company’s stock worth $31,288,000 after buying an additional 1,511,002 shares during the period. 96.77% of the stock is owned by institutional investors and hedge funds.

Green Plains Renewable Energy (NASDAQ:GPRE) opened at 23.50 on Thursday. The firm’s market capitalization is $901.65 million. The stock’s 50 day moving average price is $25.94 and its 200 day moving average price is $22.16. Green Plains Renewable Energy has a one year low of $12.39 and a one year high of $28.37.

Green Plains Renewable Energy (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03. The firm earned $841.90 million during the quarter, compared to analyst estimates of $852.37 million. Green Plains Renewable Energy had a negative net margin of 0.36% and a negative return on equity of 1.23%. Green Plains Renewable Energy’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. Analysts expect that Green Plains Renewable Energy will post $0.19 EPS for the current year.

About Green Plains Renewable Energy

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

5 Day Chart for NASDAQ:GPRE

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