Green Plains (NASDAQ:GPRE) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
GPRE has been the subject of several other reports. ValuEngine upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Roth Capital set a $25.00 price target on Green Plains and gave the company a “buy” rating in a research note on Tuesday, October 24th. Piper Jaffray Companies set a $19.00 price target on Green Plains and gave the company a “hold” rating in a research note on Friday, October 6th. BMO Capital Markets restated an “outperform” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a research note on Monday, November 6th. Finally, Craig Hallum assumed coverage on Green Plains in a research note on Thursday, September 14th. They issued a “buy” rating and a $29.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.33.
Shares of Green Plains (GPRE) traded down $0.20 during midday trading on Thursday, hitting $17.50. The stock had a trading volume of 525,500 shares, compared to its average volume of 659,889. 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 one year low of $15.60 and a one year high of $26.05. The company has a market cap of $720.34, a P/E ratio of 26.92, a P/E/G ratio of 2.97 and a beta of 1.52.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.47). The business had revenue of $901.20 million for the quarter, compared to the consensus estimate of $933.36 million. Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. equities analysts predict that Green Plains will post -0.78 EPS for the current fiscal year.
In related news, Director Ejnar A. Knudsen III acquired 15,483 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $16.54 per share, with a total value of $256,088.82. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John W. Neppl acquired 30,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $16.78 per share, with a total value of $503,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 38,474 shares in the company, valued at $645,593.72. The disclosure for this purchase can be found here. Insiders acquired a total of 157,136 shares of company stock valued at $2,590,578 over the last ninety days. Insiders own 6.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in GPRE. Rhumbline Advisers raised its holdings in Green Plains by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 77,094 shares of the specialty chemicals company’s stock valued at $1,584,000 after acquiring an additional 2,149 shares in the last quarter. Legal & General Group Plc raised its holdings in Green Plains by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 109,065 shares of the specialty chemicals company’s stock valued at $2,238,000 after acquiring an additional 7,881 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Green Plains in the 2nd quarter valued at $305,000. Royce & Associates LP acquired a new position in Green Plains in the 2nd quarter valued at $1,028,000. Finally, Prudential Financial Inc. raised its holdings in Green Plains by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 64,760 shares of the specialty chemicals company’s stock valued at $1,331,000 after acquiring an additional 1,820 shares in the last quarter.
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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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