Zacks Investment Research Lowers Green Plains (GPRE) to Sell

Zacks Investment Research lowered shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska. “

Several other analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Green Plains from a strong sell rating to a sell rating in a research report on Thursday, January 11th. Piper Jaffray Companies upgraded shares of Green Plains from a neutral rating to an overweight rating in a research report on Friday, November 3rd. BMO Capital Markets restated an outperform rating and set a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. Roth Capital set a $25.00 price objective on shares of Green Plains and gave the company a buy rating in a research report on Tuesday, October 24th. Finally, ValuEngine cut shares of Green Plains from a hold rating to a sell rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $26.67.

Shares of Green Plains (GPRE) opened at $19.15 on Wednesday. Green Plains has a 52 week low of $15.60 and a 52 week high of $26.05. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. The stock has a market cap of $780.11, a P/E ratio of 383.00, a price-to-earnings-growth ratio of 3.38 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The firm had revenue of $920.98 million for the quarter, compared to analysts’ expectations of $953.30 million. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. equities analysts anticipate that Green Plains will post 0.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, February 22nd. Green Plains’s dividend payout ratio (DPR) is currently 960.00%.

In related news, EVP Walter S. Cronin sold 6,737 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $16.80, for a total transaction of $113,181.60. Following the transaction, the executive vice president now owns 50,200 shares of the company’s stock, valued at approximately $843,360. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ejnar A. Knudsen III bought 15,483 shares of Green Plains stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $16.54 per share, for a total transaction of $256,088.82. The disclosure for this purchase can be found here. Company insiders own 6.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its holdings in shares of Green Plains by 9.0% during the 3rd quarter. Legal & General Group Plc now owns 118,852 shares of the specialty chemicals company’s stock valued at $2,393,000 after purchasing an additional 9,787 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Green Plains during the 2nd quarter valued at $1,108,000. Adams Asset Advisors LLC bought a new position in shares of Green Plains during the 4th quarter valued at $1,004,000. Crossmark Global Holdings Inc. bought a new position in shares of Green Plains during the 3rd quarter valued at $329,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Green Plains by 8.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 524,456 shares of the specialty chemicals company’s stock valued at $10,568,000 after purchasing an additional 42,724 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: This story was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/02/18/zacks-investment-research-lowers-green-plains-gpre-to-sell.html.

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.

Get a free copy of the Zacks research report on Green Plains (GPRE)

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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Zacks Investment Research Lowers Green Plains (GPRE) to Sell

Zacks Investment Research downgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research note released on Wednesday morning.

According to Zacks, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska. “

A number of other brokerages have also issued reports on GPRE. BidaskClub raised shares of Green Plains from a strong sell rating to a sell rating in a report on Thursday, February 8th. ValuEngine lowered shares of Green Plains from a hold rating to a sell rating in a report on Friday, February 2nd. Piper Jaffray Companies reissued a buy rating and issued a $27.00 price target on shares of Green Plains in a report on Wednesday, February 7th. BMO Capital Markets reissued an outperform rating and issued a $25.00 price target (down previously from $30.00) on shares of Green Plains in a report on Monday, November 6th. Finally, Roth Capital set a $25.00 target price on shares of Green Plains and gave the company a buy rating in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $26.67.

Shares of Green Plains (NASDAQ GPRE) opened at $19.15 on Wednesday. The stock has a market cap of $780.11, a price-to-earnings ratio of 383.00, a price-to-earnings-growth ratio of 3.38 and a beta of 1.55. Green Plains has a twelve month low of $15.60 and a twelve month high of $26.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 0.56.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.01. The business had revenue of $920.98 million for the quarter, compared to analyst estimates of $953.30 million. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. equities analysts expect that Green Plains will post 0.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, February 22nd. Green Plains’s payout ratio is 960.00%.

In related news, Director Ejnar A. Knudsen III bought 15,483 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were purchased at an average price of $16.54 per share, with a total value of $256,088.82. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Todd A. Becker bought 9,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $16.74 per share, for a total transaction of $150,660.00. Following the purchase, the insider now directly owns 716,588 shares in the company, valued at approximately $11,995,683.12. The disclosure for this purchase can be found here. Insiders own 6.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in GPRE. Public Employees Retirement System of Ohio boosted its stake in shares of Green Plains by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after purchasing an additional 104 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Green Plains by 28.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock valued at $218,000 after acquiring an additional 2,360 shares during the period. Teacher Retirement System of Texas purchased a new position in Green Plains during the 4th quarter valued at about $228,000. MetLife Investment Advisors LLC purchased a new position in Green Plains during the 4th quarter valued at about $303,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Green Plains during the 3rd quarter valued at about $329,000.

ILLEGAL ACTIVITY NOTICE: “Zacks Investment Research Lowers Green Plains (GPRE) to Sell” was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.thelincolnianonline.com/2018/02/18/zacks-investment-research-lowers-green-plains-gpre-to-sell.html.

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.

Get a free copy of the Zacks research report on Green Plains (GPRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.

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