Seeking Alpha

Green Plains target raised to $50 at Imperial Capital

  • Green Plains' (GPRE -1.3%) stock price target is raised to $50 from $35 at Imperial Capital based on a strong outlook for ethanol margins.
  • The firm raises its estimated 2014 EBITDA to $405M from $290M, which it says is 20% above consensus of $330M, and eyes 2015 estimated EBITDA at $331M.
  • As of Apr. 30, GPRE had locked in margins on 80% of Q2 shipments and 40% of Q3.
  • Imperial notes spot margins have exceeded $0.50/gallon YTD and is modeling margins of $0.35/gal, $0.38/gal and $0.41/gal for the last three quarters of 2014.
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Comments (1)
  • Michael Bryant
    , contributor
    Comments (5820) | Send Message
     
    But (NASDAQ:GPRE) earnings was down.
    29 Jul 2014, 08:52 PM Reply Like
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