Research analysts at Craig Hallum assumed coverage on shares of Green Plains, Inc. (NASDAQ:GPRE) in a research report issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the specialty chemicals company’s stock.

Several other equities analysts also recently commented on GPRE. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Jefferies Group LLC lowered their target price on shares of Green Plains from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, July 10th. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 target price on shares of Green Plains in a research note on Friday, July 14th. Finally, ValuEngine downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.29.

Shares of Green Plains (NASDAQ GPRE) opened at 19.90 on Thursday. The stock’s 50 day moving average price is $18.40 and its 200 day moving average price is $21.46. Green Plains has a one year low of $16.35 and a one year high of $29.85. The stock has a market cap of $825.53 million, a price-to-earnings ratio of 116.37 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.29). The business had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Analysts forecast that Green Plains will post ($0.21) earnings per share for the current year.

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In related news, Director Alain Treuer sold 25,900 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $19.51, for a total value of $505,309.00. Following the completion of the sale, the director now directly owns 336,008 shares of the company’s stock, valued at $6,555,516.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 28,112 shares of company stock valued at $547,387. 6.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Green Plains by 3.8% in the second quarter. BlackRock Inc. now owns 4,606,262 shares of the specialty chemicals company’s stock valued at $94,658,000 after acquiring an additional 167,047 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Green Plains by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,363,355 shares of the specialty chemicals company’s stock valued at $69,117,000 after acquiring an additional 140,096 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Green Plains by 102.5% in the first quarter. Point72 Asset Management L.P. now owns 3,323,106 shares of the specialty chemicals company’s stock valued at $82,247,000 after acquiring an additional 1,682,049 shares during the last quarter. Vanguard Group Inc. lifted its position in Green Plains by 4.9% in the second quarter. Vanguard Group Inc. now owns 2,780,334 shares of the specialty chemicals company’s stock valued at $57,136,000 after acquiring an additional 130,424 shares during the last quarter. Finally, DnB Asset Management AS lifted its position in Green Plains by 9.1% in the second quarter. DnB Asset Management AS now owns 1,947,891 shares of the specialty chemicals company’s stock valued at $40,029,000 after acquiring an additional 162,040 shares during 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.

The Fly

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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