Price Action Report: Green Plains Inc Sets 52-Week High; Strong Momentum for Holders

Price Action Report: Green Plains Inc Sets 52 Week High; Strong Momentum for Holders

The stock of Green Plains Inc (NASDAQ:GPRE) hit a new 52-week high and has $42.09 target or 54.00% above today’s $27.33 share price. The 8 months bullish chart indicates low risk for the $1.04B company. The 1-year high was reported on Oct, 4 by Barchart.com. If the $42.09 price target is reached, the company will be worth $561.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 490,454 shares traded hands. Green Plains Inc (NASDAQ:GPRE) has risen 91.87% since March 1, 2016 and is uptrending. It has outperformed by 82.63% the S&P500.

Analysts await Green Plains Inc (NASDAQ:GPRE) to report earnings on November, 7. They expect $0.36 EPS, up 125.00% or $0.20 from last year’s $0.16 per share. GPRE’s profit will be $13.70 million for 18.98 P/E if the $0.36 EPS becomes a reality. After $0.21 actual EPS reported by Green Plains Inc for the previous quarter, Wall Street now forecasts 71.43% EPS growth.

Green Plains Inc (NASDAQ:GPRE) Ratings Coverage

Out of 11 analysts covering Green Plains Renewable Energy (NASDAQ:GPRE), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $35 is the highest target while $16 is the lowest. The $24.42 average target is -10.65% below today’s ($27.33) stock price. Green Plains Renewable Energy has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, July 21, the company rating was initiated by Macquarie Research. The rating was initiated by Stephens on Tuesday, July 21 with “Overweight”. Credit Suisse initiated the stock with “Outperform” rating in Tuesday, July 21 report. The firm has “Buy” rating given on Monday, November 2 by Roth Capital. The company was initiated on Tuesday, July 21 by RBC Capital Markets. Stifel Nicolaus initiated Green Plains Inc (NASDAQ:GPRE) on Tuesday, July 21 with “Buy” rating. The firm has “Neutral” rating given on Thursday, August 13 by Goldman Sachs. Barclays Capital initiated Green Plains Inc (NASDAQ:GPRE) rating on Tuesday, July 21. Barclays Capital has “Overweight” rating and $21 price target. As per Tuesday, July 21, the company rating was initiated by Bank of America. The firm earned “Outperform” rating on Wednesday, November 18 by Credit Suisse.

According to Zacks Investment Research, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in 2016 Q2. Its down 0.34, from 1.14 in 2016Q1. The ratio dropped, as 25 funds sold all Green Plains Inc shares owned while 51 reduced positions. 15 funds bought stakes while 46 increased positions. They now own 35.70 million shares or 1.26% more from 35.25 million shares in 2016Q1.
Spot Trading Llc last reported 17,203 shares in the company. Guggenheim Ltd Liability Corporation holds 0.01% of its portfolio in Green Plains Inc (NASDAQ:GPRE) for 100,469 shares. American Grp holds 0% or 26,934 shares in its portfolio. The Delaware-based Blackrock Ltd Limited Liability Company has invested 0% in Green Plains Inc (NASDAQ:GPRE). Manufacturers Life Insurance The has 0% invested in the company for 24,879 shares. Geode Mgmt Limited Liability Corp holds 0% of its portfolio in Green Plains Inc (NASDAQ:GPRE) for 243,995 shares. Prudential Fincl accumulated 0% or 94,070 shares. Swiss Commercial Bank reported 65,600 shares or 0% of all its holdings. Credit Suisse Ag has 0% invested in the company for 49,654 shares. Quantitative Invest Management Lc has invested 0.03% of its portfolio in Green Plains Inc (NASDAQ:GPRE). Nationwide Fund accumulated 0% or 45,693 shares. The New York-based Scopus Asset Mgmt L P has invested 0.03% in Green Plains Inc (NASDAQ:GPRE). Hightower Ltd Liability Co last reported 0.11% of its portfolio in the stock. Allianz Asset Ag owns 14,789 shares or 0% of their US portfolio. Great West Life Assurance Company Can has 0% invested in the company for 3,200 shares.

Insider Transactions: Since May 10, 2016, the stock had 1 insider purchase, and 1 sale for $27,087 net activity. Hoovestol Wayne also bought $97,110 worth of Green Plains Inc (NASDAQ:GPRE) shares. $70,023 worth of shares were sold by Cronin Walter S on Friday, June 3.

More notable recent Green Plains Inc (NASDAQ:GPRE) news were published by: Reuters.com which released: “BRIEF-Green plains inc enters into a credit agreement to partially fund th…” on October 03, 2016, also Omaha.com with their article: “Green Plains to buy 3 ethanol plants, increasing its production by 20 percent” published on August 23, 2016, Bloomberg.com published: “Green Plains Seeks to Buy Two Ethanol Mills for $200 Million” on June 14, 2016. More interesting news about Green Plains Inc (NASDAQ:GPRE) were released by: Bloomberg.com and their article: “Green Plains May Spend $275 Million to Get Into Food Business” published on August 10, 2016 as well as Seekingalpha.com‘s news article titled: “Why I Ignored The Analysts And Sold My Green Plains Partners Units” with publication date: October 01, 2016.

GPRE Company Profile

Green Plains Inc. (Green Plains), incorporated on June 29, 2004, is a vertically integrated producer, marketer and distributor of ethanol. The Firm operates through four divisions: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Firm has activities throughout the ethanol value chain, beginning upstream with its grain handling and storage operations, continuing through its ethanol, distiller’s grains and corn oil production operations, and ending downstream with its ethanol marketing, distribution and blending facilities. In addition, the Company owns an ethanol production facility in Hereford, Texas, which includes approximately 100 million gallons yearly of production capacity, a corn oil extraction system and other related assets.

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