Green Plains, Inc. (GPRE) Given a $19.00 Price Target at Piper Jaffray Companies
Green Plains, Inc. (NASDAQ:GPRE) has been assigned a $19.00 price objective by stock analysts at Piper Jaffray Companies in a note issued to investors on Friday. The firm presently has a “hold” rating on the specialty chemicals company’s stock. Piper Jaffray Companies’ price objective indicates a potential downside of 5.12% from the stock’s current price.
GPRE has been the subject of a number of other research reports. ValuEngine lowered Green Plains from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC cut their price target on Green Plains from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, July 10th. Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Roth Capital set a $27.00 price objective on Green Plains and gave the company a “buy” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.50.
Green Plains (NASDAQ GPRE) opened at 20.05 on Friday. Green Plains has a 12-month low of $16.35 and a 12-month high of $29.85. The company has a market capitalization of $831.75 million, a PE ratio of 117.25 and a beta of 1.37. The stock’s 50 day moving average price is $19.09 and its 200 day moving average price is $21.08.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.29). Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The business had revenue of $886.30 million during the quarter, compared to analysts’ expectations of $986.88 million. During the same quarter in the previous year, the company posted $0.21 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that Green Plains will post ($0.29) EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Karp Capital Management Corp purchased a new position in Green Plains in the first quarter worth about $249,000. Point72 Asset Management L.P. grew 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 worth $82,247,000 after acquiring an additional 1,682,049 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Green Plains by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock worth $224,000 after acquiring an additional 190 shares in the last quarter. AQR Capital Management LLC grew its position in Green Plains by 162.4% in the first quarter. AQR Capital Management LLC now owns 61,333 shares of the specialty chemicals company’s stock worth $1,517,000 after acquiring an additional 37,956 shares in the last quarter. Finally, Kennedy Capital Management Inc. purchased a new position in Green Plains in the second quarter worth about $5,208,000.
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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