Green Plains, Inc. (NASDAQ:GPRE)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a report released on Friday. They presently have a $28.00 price target on the specialty chemicals company’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 40.35% from the stock’s previous close.
Several other research firms also recently commented on GPRE. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Credit Suisse Group lowered their target price on shares of Green Plains from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 29th. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and set a $32.00 target price on shares of Green Plains in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $30.00 target price on shares of Green Plains in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $29.86.
Shares of Green Plains (NASDAQ GPRE) opened at 19.95 on Friday. Green Plains has a 52-week low of $18.98 and a 52-week high of $29.85. The firm’s 50-day moving average price is $21.99 and its 200-day moving average price is $23.83. The stock has a market cap of $798.20 million, a P/E ratio of 24.54 and a beta of 1.42.
Green Plains (NASDAQ:GPRE) last posted its earnings results on Monday, May 1st. The specialty chemicals company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.09. The firm had revenue of $887.70 million for the quarter, compared to the consensus estimate of $920.45 million. Green Plains had a net margin of 0.88% and a return on equity of 3.25%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.63) earnings per share. On average, equities research analysts forecast that Green Plains will post $0.69 earnings per share for the current fiscal year.
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In other Green Plains news, insider Todd A. Becker sold 5,600 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $23.29, for a total transaction of $130,424.00. Following the completion of the sale, the insider now directly owns 708,088 shares in the company, valued at $16,491,369.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alain Treuer sold 25,900 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $19.51, for a total transaction of $505,309.00. Following the sale, the director now owns 336,008 shares of the company’s stock, valued at $6,555,516.08. The disclosure for this sale can be found here. Insiders have sold 87,903 shares of company stock valued at $1,932,599 over the last 90 days. Corporate insiders own 6.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GPRE. Russell Investments Group Ltd. purchased a new stake in Green Plains during the fourth quarter worth about $1,275,000. State Street Corp boosted its stake in Green Plains by 3.1% in the fourth quarter. State Street Corp now owns 1,478,966 shares of the specialty chemicals company’s stock worth $41,188,000 after buying an additional 43,898 shares during the period. New York State Teachers Retirement System boosted its stake in Green Plains by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 23,949 shares of the specialty chemicals company’s stock worth $667,000 after buying an additional 200 shares during the period. Envestnet Asset Management Inc. boosted its stake in Green Plains by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,752 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 110 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Green Plains by 32.3% in the fourth quarter. Guggenheim Capital LLC now owns 132,062 shares of the specialty chemicals company’s stock worth $3,678,000 after buying an additional 32,266 shares during the period.
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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