Green Plains (GPRE) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Green Plains (NASDAQ:GPRE) from a strong sell rating to a sell rating in a research report released on Thursday.

GPRE has been the subject of several other reports. Roth Capital set a $25.00 price objective on Green Plains and gave the company a buy rating in a research note on Tuesday, October 24th. Zacks Investment Research raised Green Plains from a strong sell rating to a hold rating in a research note on Wednesday, October 4th. BMO Capital Markets reaffirmed an outperform rating and issued a $25.00 price objective (down from $30.00) on shares of Green Plains in a research note on Monday, November 6th. Piper Jaffray Companies raised Green Plains from a neutral rating to an overweight rating in a research note on Friday, November 3rd. Finally, Craig Hallum began coverage on Green Plains in a report on Thursday, September 14th. They set a buy rating and a $29.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $25.33.

Green Plains (NASDAQ:GPRE) traded down $0.20 during midday trading on Thursday, reaching $17.50. The company had a trading volume of 525,500 shares, compared to its average volume of 659,889. Green Plains has a 12-month low of $15.60 and a 12-month high of $26.05. The stock has a market cap of $720.34, a P/E ratio of 26.92, a P/E/G ratio of 2.97 and a beta of 1.52. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.82.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.47). Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The firm had revenue of $901.20 million during the quarter, compared to analysts’ expectations of $933.36 million. During the same period in the previous year, the business earned $0.20 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. equities research analysts anticipate that Green Plains will post -0.78 earnings per share for the current year.

In other Green Plains news, EVP Walter S. Cronin sold 6,737 shares of the stock in a transaction 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 sale, the executive vice president now owns 50,200 shares in the company, valued at approximately $843,360. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John W. Neppl bought 30,000 shares of the stock in a transaction on Monday, November 6th. The shares were bought at an average price of $16.78 per share, for a total transaction of $503,400.00. Following the acquisition, the chief financial officer now owns 38,474 shares in the company, valued at approximately $645,593.72. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 157,136 shares of company stock worth $2,590,578. 6.40% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its holdings in Green Plains by 1.4% during 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 buying an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Green Plains by 28.6% during the second quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 2,360 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Green Plains during the second quarter worth $255,000. Marshall Wace North America L.P. acquired a new stake in shares of Green Plains during the second quarter worth $305,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Green Plains during the third quarter worth $329,000.

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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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