Green Plains Inc (GPRE) Receives Consensus Rating of “Hold” from Analysts
Shares of Green Plains Inc (NASDAQ:GPRE) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.60.
Several brokerages have commented on GPRE. Roth Capital set a $25.00 price target on Green Plains and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $25.00 price target (down from $30.00) on shares of Green Plains in a research note on Monday, November 6th. Piper Jaffray Companies upgraded Green Plains from a “neutral” rating to an “overweight” rating in a research note on Friday, November 3rd. Finally, Craig Hallum began coverage on Green Plains in a research note on Thursday, September 14th. They set a “buy” rating and a $29.00 price target for the company.
In related news, CFO John W. Neppl bought 30,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $16.78 per share, with a total value of $503,400.00. Following the completion of the transaction, the chief financial officer now directly owns 38,474 shares of the company’s stock, valued at $645,593.72. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Walter S. Cronin sold 6,737 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $16.80, for a total value of $113,181.60. Following the completion of the sale, the executive vice president now directly owns 50,200 shares of the company’s stock, valued at approximately $843,360. The disclosure for this sale can be found here. Insiders bought 157,136 shares of company stock valued at $2,590,578 in the last ninety days. Company insiders own 6.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GPRE. Public Employees Retirement System of Ohio boosted its position in shares of Green Plains by 1.4% in the second 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 period. UBS Asset Management Americas Inc. boosted its position in shares of Green Plains by 28.6% in the second 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 period. Bayesian Capital Management LP purchased a new stake in shares of Green Plains in the second quarter worth about $255,000. Marshall Wace North America L.P. purchased a new stake in shares of Green Plains in the second quarter worth about $305,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Green Plains in the third quarter worth about $329,000.
Green Plains (NASDAQ:GPRE) traded down $0.30 during trading on Tuesday, reaching $16.55. The company had a trading volume of 470,078 shares, compared to its average volume of 492,900. The firm has a market capitalization of $693.58, a price-to-earnings ratio of 23.31 and a beta of 1.52. Green Plains has a 52-week low of $15.60 and a 52-week high of $28.15. 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 (NASDAQ:GPRE) last released 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 during the quarter, compared to analyst estimates of $933.36 million. Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The business’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 company posted $0.20 earnings per share. equities research analysts forecast that Green Plains will post -0.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, November 27th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, November 24th. Green Plains’s payout ratio is 67.61%.
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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