Green Plains, Inc. (NASDAQ:GPRE) Earns Neutral Rating from Piper Jaffray Companies
Several other analysts have also recently issued reports on the company. BidaskClub cut Green Plains from a hold rating to a sell rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Green Plains from a strong sell rating to a hold rating in a report on Monday, July 10th. Jefferies Group LLC dropped their target price on Green Plains from $32.00 to $28.00 and set a buy rating for the company in a report on Monday, July 10th. BMO Capital Markets restated an outperform rating and issued a $30.00 target price on shares of Green Plains in a report on Wednesday, April 26th. Finally, Credit Suisse Group dropped their target price on Green Plains from $31.00 to $29.00 and set an outperform rating for the company in a report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $29.86.
Green Plains (NASDAQ:GPRE) opened at 19.80 on Wednesday. Green Plains has a 1-year low of $18.65 and a 1-year high of $29.85. The firm’s 50-day moving average is $20.19 and its 200 day moving average is $22.66. The stock has a market capitalization of $792.20 million, a price-to-earnings ratio of 24.35 and a beta of 1.42.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, May 1st. The specialty chemicals company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.09. The company had revenue of $887.70 million during the quarter, compared to analysts’ expectations of $920.45 million. Green Plains had a return on equity of 3.25% and a net margin of 0.88%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.63) EPS. Equities analysts anticipate that Green Plains will post $0.69 EPS for the current fiscal year.
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In other news, Director James F. Crowley sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $21.92, for a total transaction of $43,840.00. Following the completion of the transaction, the director now directly owns 23,209 shares in the company, valued at approximately $508,741.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michelle Mapes sold 2,301 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $24.81, for a total value of $57,087.81. Following the transaction, the executive vice president now owns 53,596 shares of the company’s stock, valued at $1,329,716.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,903 shares of company stock valued at $1,932,599. 6.40% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in GPRE. Texas Permanent School Fund boosted its position in Green Plains by 5.7% in the second quarter. Texas Permanent School Fund now owns 27,167 shares of the specialty chemicals company’s stock worth $558,000 after buying an additional 1,457 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Green Plains by 6.1% in the second quarter. Great West Life Assurance Co. Can now owns 52,352 shares of the specialty chemicals company’s stock worth $1,073,000 after buying an additional 3,030 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Green Plains by 173.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 22,310 shares of the specialty chemicals company’s stock worth $459,000 after buying an additional 14,160 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Green Plains by 4.8% in the second quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 700 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Green Plains by 85.9% in the second quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock worth $149,000 after buying an additional 3,369 shares in the last quarter.
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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