Green Plains Inc (GPRE) Receives Consensus Rating of “Hold” from Analysts

Green Plains Inc (NASDAQ:GPRE) has received an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $26.00.

A number of brokerages have weighed in on GPRE. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. TheStreet downgraded shares of Green Plains from a “c” rating to a “d+” rating in a research report on Monday, November 12th. Finally, Roth Capital set a $25.00 price target on shares of Green Plains and gave the company a “buy” rating in a research report on Tuesday, July 31st.

In other news, EVP Walter S. Cronin sold 3,000 shares of Green Plains stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $16.48, for a total transaction of $49,440.00. Following the completion of the sale, the executive vice president now directly owns 50,089 shares in the company, valued at approximately $825,466.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Todd A. Becker sold 90,000 shares of Green Plains stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $16.58, for a total value of $1,492,200.00. Following the transaction, the insider now owns 728,800 shares of the company’s stock, valued at $12,083,504. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,194 shares of company stock valued at $2,432,198. Insiders own 5.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System raised its position in shares of Green Plains by 10.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 32,510 shares of the specialty chemicals company’s stock worth $559,000 after purchasing an additional 3,047 shares during the last quarter. Northern Trust Corp raised its position in shares of Green Plains by 0.4% during the 2nd quarter. Northern Trust Corp now owns 1,186,396 shares of the specialty chemicals company’s stock worth $21,711,000 after purchasing an additional 4,188 shares during the last quarter. Legal & General Group Plc raised its position in shares of Green Plains by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 114,286 shares of the specialty chemicals company’s stock worth $2,083,000 after purchasing an additional 4,411 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Green Plains by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 297,019 shares of the specialty chemicals company’s stock worth $4,990,000 after purchasing an additional 5,873 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Green Plains by 1,751.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,852 shares of the specialty chemicals company’s stock worth $162,000 after purchasing an additional 8,374 shares during the last quarter.

GPRE traded down $1.33 during trading on Friday, reaching $15.55. The company’s stock had a trading volume of 679,527 shares, compared to its average volume of 697,956. Green Plains has a 52-week low of $15.25 and a 52-week high of $21.90. The firm has a market capitalization of $699.08 million, a PE ratio of -18.08 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.76.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, November 7th. The specialty chemicals company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.19). Green Plains had a net margin of 0.23% and a negative return on equity of 4.22%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $996.40 million. During the same period in the prior year, the firm posted ($0.18) EPS. Green Plains’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Green Plains will post -1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 27th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.09%. Green Plains’s payout ratio is -55.81%.

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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