Roth Capital set a $25.00 price target on Green Plains, Inc. (NASDAQ:GPRE) in a report issued on Tuesday, October 24th. The brokerage currently has a buy rating on the specialty chemicals company’s stock.
A number of other research analysts have also weighed in on GPRE. Piper Jaffray Companies reaffirmed a hold rating and issued a $19.00 price objective on shares of Green Plains in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a buy rating and set a $25.00 price target (down from $28.00) on shares of Green Plains in a research report on Wednesday, August 2nd. ValuEngine raised shares of Green Plains from a sell rating to a hold rating in a research report on Wednesday, September 13th. BidaskClub lowered shares of Green Plains from a hold rating to a sell rating in a research report on Friday, August 18th. Finally, Zacks Investment Research raised shares of Green Plains from a strong sell rating to a hold rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $25.33.
Green Plains (GPRE) opened at $16.50 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70. Green Plains has a 12-month low of $16.00 and a 12-month high of $29.85.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.47). The company had revenue of $901.20 million during the quarter, compared to analyst estimates of $933.36 million. Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. sell-side analysts forecast that Green Plains will post -0.44 EPS for the current fiscal year.
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In related news, CFO John W. Neppl acquired 30,000 shares of Green Plains stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $16.78 per share, with a total value of $503,400.00. Following the transaction, the chief financial officer now owns 38,474 shares in the company, valued at $645,593.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of Green Plains by 7.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 270 shares during the period. State of Alaska Department of Revenue grew its position in Green Plains by 85.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock valued at $149,000 after purchasing an additional 3,369 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Green Plains by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after purchasing an additional 104 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in Green Plains by 2.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock valued at $202,000 after purchasing an additional 160 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in Green Plains during the 1st quarter valued at about $204,000.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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