Roth Capital Cuts Green Plains (GPRE) Price Target to $16.00

Green Plains (NASDAQ:GPRE) had its target price lowered by investment analysts at Roth Capital from $25.00 to $16.00 in a research report issued on Monday, The Fly reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Roth Capital’s price target suggests a potential upside of 20.75% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. BidaskClub lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Zacks Investment Research raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. ValuEngine raised shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Finally, TheStreet lowered shares of Green Plains from a “c” rating to a “d+” rating in a research note on Monday, November 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Shares of GPRE stock traded down $0.13 on Monday, hitting $13.25. 65,551 shares of the company’s stock traded hands, compared to its average volume of 437,687. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.49 and a current ratio of 1.37. Green Plains has a one year low of $12.00 and a one year high of $21.90. The firm has a market cap of $554.13 million, a P/E ratio of -15.41, a P/E/G ratio of 10.29 and a beta of 1.25.

Green Plains (NASDAQ:GPRE) last released its earnings results on Monday, February 11th. The specialty chemicals company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $1.64. Green Plains had a net margin of 0.23% and a negative return on equity of 4.22%. The company had revenue of $827.50 million for the quarter, compared to analyst estimates of $894.16 million. During the same quarter last year, the firm earned ($0.16) EPS. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, analysts forecast that Green Plains will post -1 EPS for the current year.

In related news, insider Michelle Mapes sold 7,000 shares of Green Plains stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $17.14, for a total transaction of $119,980.00. Following the completion of the transaction, the insider now directly owns 42,419 shares of the company’s stock, valued at approximately $727,061.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Todd A. Becker sold 90,000 shares of Green Plains stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $16.58, for a total transaction of $1,492,200.00. Following the transaction, the insider now directly owns 728,800 shares of the company’s stock, valued at $12,083,504. The disclosure for this sale can be found here. Insiders have sold a total of 186,680 shares of company stock worth $2,880,720 in the last ninety days. Insiders own 5.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Green Plains by 44,650.2% in the first quarter. BlackRock Inc. now owns 4,439,215 shares of the specialty chemicals company’s stock worth $109,870,000 after buying an additional 4,429,295 shares during the last quarter. Rubric Capital Management LP purchased a new position in Green Plains in the third quarter worth about $38,700,000. Point72 Asset Management L.P. raised its holdings 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 buying an additional 1,682,049 shares during the last quarter. Van ECK Associates Corp raised its holdings in Green Plains by 70.0% in the third quarter. Van ECK Associates Corp now owns 3,588,878 shares of the specialty chemicals company’s stock worth $72,316,000 after buying an additional 1,478,073 shares during the last quarter. Finally, Private Management Group Inc. purchased a new position in Green Plains in the third quarter worth about $19,315,000.

Green Plains Company Profile

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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