Shares of Green Plains Inc (NASDAQ:GPRE) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $26.67.
GPRE has been the topic of a number of research reports. BidaskClub raised shares of Green Plains from a “strong sell” rating to a “sell” rating in a report on Thursday, February 8th. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price objective on shares of Green Plains in a report on Wednesday, February 7th. ValuEngine downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a report on Monday, November 6th.
In other Green Plains news, insider Todd A. Becker acquired 9,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average price of $16.74 per share, with a total value of $150,660.00. Following the completion of the acquisition, the insider now owns 716,588 shares in the company, valued at approximately $11,995,683.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Walter S. Cronin sold 6,737 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $16.80, for a total transaction of $113,181.60. Following the completion of the transaction, the executive vice president now directly owns 50,200 shares in the company, valued at approximately $843,360. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.
Shares of Green Plains (GPRE) traded down $0.30 during midday trading on Wednesday, hitting $18.95. 785,679 shares of the stock were exchanged, compared to its average volume of 777,371. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.56 and a current ratio of 1.36. The stock has a market cap of $786.18, a P/E ratio of 15.41, a PEG ratio of 3.34 and a beta of 1.55. Green Plains has a 12-month low of $15.60 and a 12-month high of $26.05.
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, beating analysts’ consensus estimates of ($0.17) by $0.01. The firm had revenue of $920.98 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. equities research analysts forecast that Green Plains will post 0.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, February 22nd. Green Plains’s payout ratio is 39.02%.
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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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