Green Plains, Inc. (GPRE) PT Set at $25.00 by Roth Capital
Green Plains, Inc. (NASDAQ:GPRE) received a $25.00 price objective from investment analysts at Roth Capital in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Roth Capital’s price objective would suggest a potential upside of 33.33% from the stock’s current price.
Other analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and set a $25.00 price objective (down previously from $28.00) on shares of Green Plains in a report on Wednesday, August 2nd. Craig Hallum started coverage on Green Plains in a report on Thursday, September 14th. They set a “buy” rating and a $29.00 price objective for the company. Piper Jaffray Companies reiterated a “hold” rating and set a $19.00 price objective on shares of Green Plains in a report on Thursday, August 3rd. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. Finally, ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.17.
Green Plains (NASDAQ GPRE) opened at 18.75 on Tuesday. Green Plains has a 52-week low of $16.35 and a 52-week high of $29.85. The company has a market cap of $777.83 million, a price-to-earnings ratio of 109.65 and a beta of 1.37. The company’s 50-day moving average price is $19.71 and its 200-day moving average price is $20.66.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.29). Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The business had revenue of $886.30 million for the quarter, compared to analysts’ expectations of $986.88 million. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts expect that Green Plains will post ($0.29) EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in GPRE. BlackRock Inc. grew its position in Green Plains by 44,650.2% during the 1st quarter. BlackRock Inc. now owns 4,439,215 shares of the specialty chemicals company’s stock worth $109,870,000 after purchasing an additional 4,429,295 shares during the period. Point72 Asset Management L.P. grew its position in Green Plains by 102.5% during the 1st quarter. Point72 Asset Management L.P. now owns 3,323,106 shares of the specialty chemicals company’s stock worth $82,247,000 after purchasing an additional 1,682,049 shares during the period. DnB Asset Management AS grew its position in Green Plains by 1,354.7% during the 3rd quarter. DnB Asset Management AS now owns 808,597 shares of the specialty chemicals company’s stock worth $21,185,000 after purchasing an additional 753,010 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Green Plains during the 2nd quarter worth about $14,827,000. Finally, Two Sigma Investments LP acquired a new stake in Green Plains during the 4th quarter worth about $19,735,000.
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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