Green Plains Inc (NASDAQ:GPRE) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $26.67.
Several analysts have issued reports on GPRE shares. BidaskClub raised shares of Green Plains from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. ValuEngine downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 price target on shares of Green Plains in a research note on Wednesday, February 7th.
Shares of GPRE stock opened at $17.85 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 0.56. 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 data on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The business had revenue of $920.98 million during 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 firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. equities research analysts forecast that Green Plains will post 0.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, February 22nd. Green Plains’s dividend payout ratio is presently 39.02%.
In related news, insider Michelle Mapes sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $19.27, for a total value of $134,890.00. Following the completion of the transaction, the insider now owns 35,515 shares of the company’s stock, valued at $684,374.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Walter S. Cronin sold 6,737 shares of the business’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 of the company’s stock, valued at approximately $843,360. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Legal & General Group Plc raised its stake in Green Plains by 9.0% in the third quarter. Legal & General Group Plc now owns 118,852 shares of the specialty chemicals company’s stock worth $2,393,000 after buying an additional 9,787 shares in the last quarter. Adams Asset Advisors LLC bought a new position in Green Plains in the fourth quarter worth approximately $1,004,000. Private Management Group Inc. raised its stake in Green Plains by 18.9% in the fourth quarter. Private Management Group Inc. now owns 1,139,763 shares of the specialty chemicals company’s stock worth $19,205,000 after buying an additional 181,206 shares in the last quarter. Pinebridge Investments L.P. raised its stake in Green Plains by 34.4% in the fourth quarter. Pinebridge Investments L.P. now owns 58,679 shares of the specialty chemicals company’s stock worth $990,000 after buying an additional 15,029 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Green Plains in the third quarter worth approximately $329,000.
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Green Plains Company Profile
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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