Green Plains Inc (NASDAQ:GPRE) has received an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $26.60.
GPRE has been the topic of a number of recent research reports. ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Craig Hallum initiated coverage on Green Plains in a report on Thursday, September 14th. They issued a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Piper Jaffray Companies set a $19.00 target price on Green Plains and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, Roth Capital set a $25.00 target price on Green Plains and gave the stock a “buy” rating in a report on Tuesday, October 24th.
Green Plains (NASDAQ GPRE) traded down $0.05 during midday trading on Tuesday, hitting $16.90. The stock had a trading volume of 481,300 shares, compared to its average volume of 691,567. The company has a market cap of $695.64, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70. Green Plains has a 12-month low of $15.60 and a 12-month high of $27.20.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.47). Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The firm had revenue of $901.20 million for the quarter, compared to the consensus estimate of $933.36 million. During the same period in the previous year, the company earned $0.20 earnings per share. Green Plains’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts expect that Green Plains will post -0.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, November 27th were paid a $0.12 dividend. The ex-dividend date was Friday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 2.84%. Green Plains’s payout ratio is presently 73.85%.
In other Green Plains news, Director Ejnar A. Knudsen III purchased 15,483 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $16.54 per share, for a total transaction of $256,088.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Walter S. Cronin sold 6,737 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $16.80, for a total value of $113,181.60. Following the completion of the sale, the executive vice president now owns 50,200 shares of the company’s stock, valued at approximately $843,360. The disclosure for this sale can be found here. Insiders acquired a total of 157,136 shares of company stock valued at $2,590,578 in the last quarter. 6.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of GPRE. Great West Life Assurance Co. Can increased its stake in Green Plains by 6.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 52,352 shares of the specialty chemicals company’s stock worth $1,073,000 after buying an additional 3,030 shares in the last quarter. Arizona State Retirement System grew its position in shares of Green Plains by 4.9% during the second quarter. Arizona State Retirement System now owns 19,397 shares of the specialty chemicals company’s stock valued at $399,000 after purchasing an additional 900 shares in the last quarter. First Trust Advisors LP grew its position in shares of Green Plains by 47.2% during the second quarter. First Trust Advisors LP now owns 104,479 shares of the specialty chemicals company’s stock valued at $2,147,000 after purchasing an additional 33,501 shares in the last quarter. Rhumbline Advisers grew its position in shares of Green Plains by 2.9% during the second quarter. Rhumbline Advisers now owns 77,094 shares of the specialty chemicals company’s stock valued at $1,584,000 after purchasing an additional 2,149 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Green Plains by 7.7% during the second quarter. SG Americas Securities LLC now owns 39,975 shares of the specialty chemicals company’s stock valued at $821,000 after purchasing an additional 2,842 shares in the last quarter.
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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