Green Plains, Inc. (GPRE) Given Consensus Rating of “Buy” by Analysts
Shares of Green Plains, Inc. (NASDAQ:GPRE) have received a consensus rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.29.
GPRE has been the subject of a number of recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 target price (down from $28.00) on shares of Green Plains in a research note on Wednesday, August 2nd. Roth Capital set a $27.00 target price on Green Plains and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Craig Hallum initiated coverage on Green Plains in a research note on Thursday, September 14th. They issued a “buy” rating and a $29.00 target price for the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $19.00 target price on shares of Green Plains in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th.
Green Plains (GPRE) traded down 0.49% on Friday, reaching $20.35. 506,710 shares of the company’s stock traded hands. Green Plains has a 52 week low of $16.35 and a 52 week high of $29.85. The firm has a 50-day moving average price of $18.50 and a 200-day moving average price of $21.31. The stock has a market capitalization of $844.20 million, a price-to-earnings ratio of 119.01 and a beta of 1.44.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.29). Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The company had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that Green Plains will post ($0.29) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Thursday, August 24th. Green Plains’s dividend payout ratio is presently 282.35%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ardsley Advisory Partners grew its holdings in shares of Green Plains by 2.1% during the 2nd quarter. Ardsley Advisory Partners now owns 245,000 shares of the specialty chemicals company’s stock worth $5,029,000 after purchasing an additional 5,000 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of 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 worth $156,000 after purchasing an additional 104 shares during the period. Bank of Nova Scotia purchased a new position in shares of Green Plains during the 2nd quarter worth $1,108,000. The Manufacturers Life Insurance Company boosted its holdings in Green Plains by 5.4% during 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 acquiring an additional 1,513 shares during the period. Finally, Caxton Associates LP purchased a new position in Green Plains during the 2nd quarter valued at about $1,541,000.
Green Plains Company Profile
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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