Green Plains (GPRE) Upgraded to “Hold” at ValuEngine

Green Plains (NASDAQ:GPRE) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday, May 2nd.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Green Plains from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, April 25th. BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Finally, Piper Jaffray restated a “buy” rating and set a $27.00 price target on shares of Green Plains in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.17.

Shares of Green Plains traded down $0.15, hitting $19.65, during mid-day trading on Wednesday, according to MarketBeat.com. 683,300 shares of the company’s stock traded hands, compared to its average volume of 665,047. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.62 and a current ratio of 1.47. Green Plains has a 1 year low of $19.65 and a 1 year high of $19.90. The stock has a market capitalization of $809.04 million, a PE ratio of -22.85 and a beta of 1.36.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Monday, May 7th. The specialty chemicals company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.25). Green Plains had a net margin of 1.08% and a negative return on equity of 5.27%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $926.04 million. During the same period last year, the firm posted ($0.09) earnings per share. Green Plains’s quarterly revenue was up 17.8% on a year-over-year basis. research analysts forecast that Green Plains will post -0.09 EPS for the current fiscal year.

In other Green Plains news, EVP Michael A. Metzler sold 21,053 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $19.00, for a total value of $400,007.00. Following the sale, the executive vice president now directly owns 41,771 shares of the company’s stock, valued at $793,649. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle Mapes sold 7,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $19.27, for a total value of $134,890.00. Following the completion of the sale, the insider now directly owns 35,515 shares in the company, valued at $684,374.05. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in GPRE. California Public Employees Retirement System lifted its holdings in shares of Green Plains by 1.5% during the third quarter. California Public Employees Retirement System now owns 222,028 shares of the specialty chemicals company’s stock valued at $4,474,000 after purchasing an additional 3,328 shares in the last quarter. Adams Asset Advisors LLC bought a new position in shares of Green Plains during the fourth quarter valued at $1,004,000. Bank of Montreal Can lifted its holdings in shares of Green Plains by 29.2% during the fourth quarter. Bank of Montreal Can now owns 25,620 shares of the specialty chemicals company’s stock valued at $432,000 after purchasing an additional 5,793 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Green Plains by 17.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 616,276 shares of the specialty chemicals company’s stock valued at $10,385,000 after purchasing an additional 91,820 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Green Plains during the fourth quarter valued at $9,045,000.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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