Green Plains (GPRE) Rating Reiterated by Piper Jaffray Companies

Green Plains (NASDAQ:GPRE)‘s stock had its “buy” rating reiterated by research analysts at Piper Jaffray Companies in a research report issued on Wednesday. They presently have a $27.00 price target on the specialty chemicals company’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 47.95% from the stock’s current price.

GPRE has been the subject of several other research reports. Roth Capital set a $25.00 price objective on shares of Green Plains and gave the stock a “buy” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Green Plains from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. ValuEngine downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Green Plains currently has a consensus rating of “Hold” and an average price target of $26.67.

Shares of Green Plains (NASDAQ:GPRE) opened at $18.25 on Wednesday. The firm has a market cap of $751.21, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.55. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82. Green Plains has a 52-week low of $15.60 and a 52-week high of $26.05.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates 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 0.92% and a negative return on equity of 0.88%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. equities research analysts forecast that Green Plains will post -0.78 earnings per share for the current fiscal year.

In other news, EVP Walter S. Cronin sold 6,737 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $16.80, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wayne Hoovestol acquired 102,653 shares of Green Plains stock in a transaction dated Friday, November 17th. The shares were bought at an average cost of $16.37 per share, with a total value of $1,680,429.61. Following the transaction, the director now owns 218,277 shares in the company, valued at $3,573,194.49. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 127,136 shares of company stock valued at $2,087,178. Insiders own 6.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position in Green Plains by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after purchasing an additional 104 shares during the period. Suntrust Banks Inc. grew its position in Green Plains by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 16,423 shares of the specialty chemicals company’s stock valued at $337,000 after purchasing an additional 370 shares during the period. The Manufacturers Life Insurance Company grew its position in Green Plains by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,433 shares of the specialty chemicals company’s stock valued at $605,000 after purchasing an additional 1,513 shares during the period. UBS Asset Management Americas Inc. grew its position in Green Plains by 28.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock valued at $218,000 after purchasing an additional 2,360 shares during the period. Finally, California Public Employees Retirement System grew its position in Green Plains by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 222,028 shares of the specialty chemicals company’s stock valued at $4,474,000 after purchasing an additional 3,328 shares during the period.

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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.

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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