Green Plains Inc (GPRE) Receives Consensus Recommendation of “Hold” from Brokerages

Green Plains Inc (NASDAQ:GPRE) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.50.

Several brokerages have recently issued reports on GPRE. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, April 1st. ValuEngine downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Friday, February 8th. TheStreet upgraded shares of Green Plains from a “d+” rating to a “c” rating in a report on Monday, February 11th. Roth Capital lowered their price target on shares of Green Plains from $25.00 to $16.00 and set a “buy” rating for the company in a report on Monday, February 11th. Finally, BidaskClub upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, February 14th.

Shares of GPRE opened at $15.59 on Friday. Green Plains has a one year low of $12.00 and a one year high of $21.90. The company has a market cap of $645.68 million, a price-to-earnings ratio of -7.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 0.49.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.68). Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. The firm had revenue of $642.30 million for the quarter, compared to analyst estimates of $779.84 million. During the same quarter in the prior year, the firm earned ($0.60) earnings per share. The firm’s revenue for the quarter was down 38.6% on a year-over-year basis. On average, sell-side analysts anticipate that Green Plains will post -0.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. Green Plains’s dividend payout ratio (DPR) is presently -22.12%.

In other news, insider Michelle Mapes sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $16.16, for a total transaction of $80,800.00. Following the completion of the transaction, the insider now directly owns 47,740 shares in the company, valued at $771,478.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony R. Vojslavek sold 1,957 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $15.50, for a total transaction of $30,333.50. The disclosure for this sale can be found here. Insiders have sold 27,707 shares of company stock valued at $457,714 over the last quarter. Company insiders own 5.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC purchased a new stake in Green Plains in the 1st quarter valued at about $509,000. Macquarie Group Ltd. increased its stake in Green Plains by 7.6% in the 1st quarter. Macquarie Group Ltd. now owns 12,234 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 859 shares during the last quarter. Pinebridge Investments L.P. increased its stake in Green Plains by 40.4% in the 1st quarter. Pinebridge Investments L.P. now owns 63,110 shares of the specialty chemicals company’s stock valued at $1,052,000 after buying an additional 18,158 shares during the last quarter. Geode Capital Management LLC increased its stake in Green Plains by 9.1% in the 1st quarter. Geode Capital Management LLC now owns 487,161 shares of the specialty chemicals company’s stock valued at $8,125,000 after buying an additional 40,507 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Green Plains by 10.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 731,654 shares of the specialty chemicals company’s stock valued at $12,204,000 after buying an additional 66,890 shares during the last quarter.

Green Plains Company Profile

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in 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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