Green Plains, Inc. (NASDAQ:GPRE) received a $19.00 price target from Piper Jaffray Companies in a report released on Friday. The brokerage presently has a “hold” rating on the specialty chemicals company’s stock. Piper Jaffray Companies’ price target would suggest a potential downside of 5.12% from the stock’s previous close.
Several other equities research analysts also recently commented on the company. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a report on Wednesday. Craig Hallum started coverage on Green Plains in a report on Thursday, September 14th. They set a “buy” rating and a $29.00 price target on the stock. ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub downgraded Green Plains from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price target (down from $28.00) on shares of Green Plains in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Green Plains presently has an average rating of “Hold” and a consensus target price of $26.50.
Shares of Green Plains (GPRE) opened at 20.05 on Friday. The stock’s 50 day moving average price is $19.09 and its 200 day moving average price is $21.08. The stock has a market capitalization of $831.75 million, a price-to-earnings ratio of 117.25 and a beta of 1.37. Green Plains has a 12 month low of $16.35 and a 12 month high of $29.85.
Green Plains (NASDAQ:GPRE) last released its 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). Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The company had revenue of $886.30 million during the quarter, compared to the consensus estimate of $986.88 million. During the same period last year, the firm posted $0.21 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Analysts expect that Green Plains will post ($0.29) EPS for the current year.
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Several large investors have recently made changes to their positions in GPRE. Russell Investments Group Ltd. lifted its holdings in shares of Green Plains by 89.8% during the first quarter. Russell Investments Group Ltd. now owns 87,684 shares of the specialty chemicals company’s stock valued at $2,170,000 after purchasing an additional 41,479 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Green Plains by 4.5% during the first quarter. Great West Life Assurance Co. Can now owns 49,322 shares of the specialty chemicals company’s stock valued at $1,218,000 after purchasing an additional 2,137 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Green Plains by 40.2% during the first quarter. First Trust Advisors LP now owns 70,978 shares of the specialty chemicals company’s stock valued at $1,757,000 after purchasing an additional 20,357 shares in the last quarter. Comerica Bank lifted its holdings in shares of Green Plains by 3.6% during the first quarter. Comerica Bank now owns 39,254 shares of the specialty chemicals company’s stock valued at $934,000 after purchasing an additional 1,378 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Green Plains during the first quarter valued at $204,000.
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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