Green Plains (GPRE) Lifted to Sell at BidaskClub
Green Plains (NASDAQ:GPRE) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Thursday.
Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and issued a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. Piper Jaffray Companies upgraded shares of Green Plains from a “neutral” rating to an “overweight” rating in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Roth Capital set a $25.00 price target on shares of Green Plains and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Craig Hallum assumed coverage on shares of Green Plains in a research report on Thursday, September 14th. They issued a “buy” rating and a $29.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.33.
Shares of Green Plains (GPRE) traded down $0.20 on Thursday, reaching $17.50. 525,543 shares of the company traded hands, compared to its average volume of 700,190. Green Plains has a 12 month low of $15.60 and a 12 month high of $26.05. The company has a market capitalization of $720.34, a PE ratio of 26.92, a PEG ratio of 2.97 and a beta of 1.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70.
In other Green Plains news, EVP Walter S. Cronin sold 6,737 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $16.80, for a total transaction of $113,181.60. Following the transaction, the executive vice president now owns 50,200 shares in the company, valued at $843,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd A. Becker acquired 9,000 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were purchased at an average price of $16.74 per share, for a total transaction of $150,660.00. Following the transaction, the insider now directly owns 716,588 shares of the company’s stock, valued at $11,995,683.12. The disclosure for this purchase can be found here. Insiders have acquired 157,136 shares of company stock worth $2,590,578 in the last quarter. Company insiders own 6.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in Green Plains by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after acquiring an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in 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 valued at $218,000 after acquiring an additional 2,360 shares during the last quarter. Bayesian Capital Management LP bought a new position in Green Plains during the second quarter valued at $255,000. Marshall Wace North America L.P. bought a new position in Green Plains during the second quarter valued at $305,000. Finally, Crossmark Global Holdings Inc. bought a new position in Green Plains during the third quarter valued at $329,000.
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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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