Green Plains (GPRE) Downgraded by ValuEngine

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Green Plains (NASDAQ:GPRE) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Green Plains from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, April 18th. BidaskClub cut Green Plains from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Finally, Stephens cut Green Plains from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.17.

GPRE opened at $17.10 on Monday. Green Plains has a 12-month low of $15.60 and a 12-month high of $21.90. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.73.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Monday, May 7th. The specialty chemicals company reported ($0.60) earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $926.04 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. equities analysts anticipate that Green Plains will post -0.36 EPS for the current fiscal year.

In related news, EVP Paul E. Kolomaya sold 8,000 shares of Green Plains stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $20.56, for a total transaction of $164,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Green Plains by 10.6% during the 1st quarter. BlackRock Inc. now owns 5,799,175 shares of the specialty chemicals company’s stock worth $97,425,000 after purchasing an additional 554,074 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Green Plains by 0.5% during the 1st quarter. Point72 Asset Management L.P. now owns 3,908,434 shares of the specialty chemicals company’s stock worth $65,662,000 after purchasing an additional 20,574 shares during the last quarter. Private Management Group Inc. lifted its holdings in Green Plains by 14.1% during the 1st quarter. Private Management Group Inc. now owns 1,300,009 shares of the specialty chemicals company’s stock worth $21,840,000 after purchasing an additional 160,246 shares during the last quarter. Northern Trust Corp lifted its holdings in Green Plains by 2.3% during the 1st quarter. Northern Trust Corp now owns 1,182,208 shares of the specialty chemicals company’s stock worth $19,860,000 after purchasing an additional 27,129 shares during the last quarter. Finally, Mangrove Partners acquired a new stake in Green Plains during the 4th quarter worth approximately $15,809,000.

Green Plains Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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