Green Plains Inc (NASDAQ:GPRE) has received an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.60.
Several brokerages have recently weighed in on GPRE. ValuEngine upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub downgraded Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies set a $19.00 target price on Green Plains and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, Roth Capital set a $25.00 target price on Green Plains and gave the company a “buy” rating in a research note on Tuesday, October 24th.
In other news, Director Ejnar A. Knudsen III purchased 15,483 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $256,088.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John W. Neppl purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $16.78 per share, with a total value of $503,400.00. Following the completion of the purchase, the chief financial officer now directly owns 38,474 shares of the company’s stock, valued at approximately $645,593.72. The disclosure for this purchase can be found here. Insiders purchased 148,136 shares of company stock valued at $2,439,918 over the last quarter. Insiders own 6.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its holdings 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 acquiring an additional 3,369 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in 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 acquiring an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in 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 acquiring an additional 2,360 shares during the last quarter. Bayesian Capital Management LP bought a new position in Green Plains in the second quarter worth about $255,000. Finally, Marshall Wace North America L.P. bought a new position in Green Plains in the second quarter worth about $305,000.
Shares of Green Plains (NASDAQ GPRE) traded down $0.15 during trading on Friday, hitting $16.75. The stock had a trading volume of 453,154 shares, compared to its average volume of 898,062. 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 has a 12 month low of $15.60 and a 12 month high of $29.85.
Green Plains (NASDAQ:GPRE) last announced its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.47). The business had revenue of $901.20 million for 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 firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. analysts predict that Green Plains will post -0.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 27th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 2.87%. Green Plains’s dividend payout ratio (DPR) is 67.61%.
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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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