Green Plains, Inc. (NASDAQ:GPRE) Given Consensus Rating of “Hold” by Brokerages

Shares of Green Plains, Inc. (NASDAQ:GPRE) have been given an average recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.00.

A number of equities analysts have commented on the stock. Zacks Research raised shares of Green Plains to a “hold” rating in a report on Monday, August 11th. Oppenheimer set a $15.00 price target on shares of Green Plains and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Bank of America boosted their price objective on shares of Green Plains from $7.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, October 14th. Roth Capital lowered shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Thursday, November 6th. Finally, Tudor Pickering upgraded Green Plains from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th.

Insider Transactions at Green Plains

In related news, insider Michelle Mapes sold 30,954 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $9.51, for a total transaction of $294,372.54. Following the completion of the transaction, the insider directly owned 60,558 shares in the company, valued at $575,906.58. This represents a 33.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Green Plains

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of Green Plains by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 100,159 shares of the specialty chemicals company’s stock worth $604,000 after acquiring an additional 1,246 shares during the period. WealthPlan Investment Management LLC increased its stake in shares of Green Plains by 15.0% in the second quarter. WealthPlan Investment Management LLC now owns 11,666 shares of the specialty chemicals company’s stock valued at $70,000 after purchasing an additional 1,519 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Green Plains by 19.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock valued at $61,000 after buying an additional 1,619 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Green Plains by 46.5% during the second quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 1,838 shares during the period. Finally, CWM LLC boosted its position in shares of Green Plains by 15.6% during the third quarter. CWM LLC now owns 15,435 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 2,083 shares during the period.

Green Plains Stock Up 1.8%

Shares of Green Plains stock opened at $10.32 on Friday. The business has a 50-day moving average price of $10.12 and a 200 day moving average price of $8.39. Green Plains has a fifty-two week low of $3.14 and a fifty-two week high of $12.31. The firm has a market cap of $720.65 million, a P/E ratio of -3.53 and a beta of 1.40. The company has a quick ratio of 1.20, a current ratio of 1.68 and a debt-to-equity ratio of 0.40.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.48. Green Plains had a negative return on equity of 16.78% and a negative net margin of 8.37%.The company had revenue of $508.49 million during the quarter, compared to analyst estimates of $583.55 million. During the same quarter last year, the firm earned $0.69 EPS. The business’s revenue was down 22.8% on a year-over-year basis. On average, sell-side analysts forecast that Green Plains will post -0.5 earnings per share for the current fiscal year.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.