ValuEngine upgraded shares of Green Plains, Inc. (NASDAQ:GPRE) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other research analysts have also commented on the company. Zacks Investment Research upgraded Green Plains from a strong sell rating to a hold rating in a research report on Monday, July 10th. BidaskClub lowered Green Plains from a hold rating to a sell rating in a research report on Wednesday, July 12th. Jefferies Group LLC dropped their price target on Green Plains from $32.00 to $28.00 and set a buy rating for the company in a research report on Monday, July 10th. Piper Jaffray Companies reiterated a neutral rating on shares of Green Plains in a research report on Wednesday, July 26th. Finally, Roth Capital set a $27.00 price target on Green Plains and gave the stock a buy rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $27.29.

Shares of Green Plains (GPRE) opened at 19.90 on Wednesday. Green Plains has a one year low of $16.35 and a one year high of $29.85. The company’s 50-day moving average price is $18.40 and its 200 day moving average price is $21.46. The stock has a market capitalization of $825.53 million, a PE ratio of 116.37 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.29). The company had revenue of $886.30 million during the quarter, compared to analysts’ expectations of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. Analysts anticipate that Green Plains will post ($0.21) EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.41%. Green Plains’s dividend payout ratio (DPR) is presently 282.35%.

In other Green Plains news, Director Alain Treuer sold 25,900 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total transaction of $505,309.00. Following the completion of the transaction, the director now owns 336,008 shares in the company, valued at $6,555,516.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 28,112 shares of company stock valued at $547,387 in the last 90 days. Company insiders own 6.40% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Capstone Asset Management Co. boosted its position in shares of Green Plains by 0.4% during the second quarter. Capstone Asset Management Co. now owns 15,513 shares of the specialty chemicals company’s stock valued at $319,000 after buying an additional 60 shares during the period. Arizona State Retirement System boosted its position in shares of Green Plains by 0.5% during the first quarter. Arizona State Retirement System now owns 18,497 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Green Plains by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after buying an additional 104 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Green Plains by 2.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 160 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Green Plains by 2.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock valued at $224,000 after buying an additional 190 shares during the period.

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.

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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