BidaskClub upgraded shares of Green Plains (NASDAQ:GPRE) from a strong sell rating to a sell rating in a report issued on Thursday, January 11th.
A number of other brokerages have also issued reports on GPRE. Zacks Investment Research raised Green Plains from a strong sell rating to a hold rating in a research report on Wednesday, October 4th. Piper Jaffray Companies set a $19.00 target price on Green Plains and gave the company a hold rating in a research report on Friday, October 6th. Craig Hallum started coverage on Green Plains in a research report on Thursday, September 14th. They issued a buy rating and a $29.00 target price on the stock. ValuEngine upgraded Green Plains from a sell rating to a hold rating in a report on Wednesday, September 13th. Finally, Roth Capital set a $25.00 price target on Green Plains and gave the company a buy rating in a report on Tuesday, October 24th. 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’s stock. The stock has an average rating of Hold and a consensus price target of $25.33.
Green Plains (GPRE) traded up $1.35 during trading on Thursday, reaching $18.60. The company had a trading volume of 1,117,065 shares, compared to its average volume of 640,207. The firm has a market cap of $765.62, a price-to-earnings ratio of 28.62, a PEG ratio of 2.92 and a beta of 1.52. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.82. Green Plains has a 12-month low of $15.60 and a 12-month high of $26.05.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.47). Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The company had revenue of $901.20 million for the quarter, compared to analyst estimates of $933.36 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. sell-side analysts anticipate that Green Plains will post -0.78 earnings per share for the current year.
In other news, Director Ejnar A. Knudsen III purchased 15,483 shares of the stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $256,088.82. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wayne Hoovestol acquired 102,653 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average price of $16.37 per share, with a total value of $1,680,429.61. Following the completion of the purchase, the director now owns 218,277 shares in the company, valued at $3,573,194.49. The disclosure for this purchase can be found here. Insiders bought a total of 157,136 shares of company stock valued at $2,590,578 over the last quarter. Company insiders own 6.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake 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 worth $156,000 after buying an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Green Plains by 28.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock worth $218,000 after buying an additional 2,360 shares during the last quarter. Bayesian Capital Management LP bought a new position in Green Plains during the 2nd quarter worth $255,000. Marshall Wace North America L.P. bought a new position in Green Plains during the 2nd quarter worth $305,000. Finally, Crossmark Global Holdings Inc. bought a new position in Green Plains during the 3rd quarter worth $329,000.
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About Green Plains
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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