Green Plains, Inc. (GPRE) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Green Plains, Inc. (NASDAQ:GPRE) from a hold rating to a strong sell rating in a report published on Thursday, October 26th.

According to Zacks, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska. “

Other research analysts have also issued research reports about the company. Jefferies Group LLC reissued a buy rating and issued a $25.00 target price (down previously from $28.00) on shares of Green Plains in a report on Wednesday, August 2nd. Roth Capital set a $27.00 target price on Green Plains and gave the company a buy rating in a report on Wednesday, August 2nd. Craig Hallum started 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. ValuEngine raised Green Plains from a sell rating to a hold rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies reaffirmed a hold rating and set a $19.00 price objective on shares of Green Plains in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Green Plains currently has an average rating of Hold and a consensus price target of $25.33.

Green Plains (NASDAQ:GPRE) traded down $0.05 on Thursday, reaching $16.50. The company’s stock had a trading volume of 809,334 shares, compared to its average volume of 1,115,477. Green Plains has a 52 week low of $16.00 and a 52 week high of $29.85. 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 (NASDAQ:GPRE) last released its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.47). The firm had revenue of $901.20 million for the quarter, compared to analyst estimates of $933.36 million. Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. equities analysts predict that Green Plains will post -0.44 earnings per share for the current fiscal year.

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In other Green Plains news, CFO John W. Neppl acquired 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $16.78 per share, with a total value of $503,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 38,474 shares of the company’s stock, valued at approximately $645,593.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its position in Green Plains by 0.4% during the second quarter. Capstone Asset Management Co. now owns 15,513 shares of the specialty chemicals company’s stock worth $319,000 after purchasing an additional 60 shares in the last quarter. Arizona State Retirement System boosted its position in Green Plains by 0.5% during the first quarter. Arizona State Retirement System now owns 18,497 shares of the specialty chemicals company’s stock worth $458,000 after purchasing an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Green Plains by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 104 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Green Plains by 2.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock worth $202,000 after purchasing an additional 160 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Green Plains by 2.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock worth $224,000 after purchasing an additional 190 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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