Green Plains (NASDAQ:GPRE) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.
A number of other research firms have also recently commented on GPRE. Roth Capital set a $25.00 target price on shares of Green Plains and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $27.00 price target on shares of Green Plains in a report on Wednesday. ValuEngine cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.67.
Green Plains (GPRE) traded down $0.50 during midday trading on Thursday, hitting $17.75. 1,675,479 shares of the stock were exchanged, compared to its average volume of 774,334. Green Plains has a twelve month low of $15.60 and a twelve month high of $26.05. The company has a current ratio of 1.36, a quick ratio of 0.70 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $730.63, a PE ratio of 14.43, a P/E/G ratio of 2.98 and a beta of 1.55.
In related news, Director Ejnar A. Knudsen III purchased 15,483 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $16.54 per share, with a total value of $256,088.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne Hoovestol purchased 102,653 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $16.37 per share, for a total transaction of $1,680,429.61. Following the completion of the acquisition, the director now directly owns 218,277 shares of the company’s stock, valued at $3,573,194.49. The disclosure for this purchase can be found here. Insiders purchased 127,136 shares of company stock worth $2,087,178 over the last ninety days. 6.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Bank of Nova Scotia bought a new stake in Green Plains during the second quarter valued at $1,108,000. Legal & General Group Plc increased its stake in Green Plains by 9.0% during the third quarter. Legal & General Group Plc now owns 118,852 shares of the specialty chemicals company’s stock valued at $2,393,000 after purchasing an additional 9,787 shares during the last quarter. Adams Asset Advisors LLC bought a new stake in Green Plains during the fourth quarter valued at $1,004,000. Crossmark Global Holdings Inc. bought a new stake in Green Plains during the third quarter valued at $329,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Green Plains by 8.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 524,456 shares of the specialty chemicals company’s stock valued at $10,568,000 after purchasing an additional 42,724 shares during the last quarter.
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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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