Green Plains (GPRE) Price Target Cut to $19.00 by Analysts at Craig Hallum

Green Plains (NASDAQ:GPRE) had its price target decreased by Craig Hallum from $24.00 to $19.00 in a report released on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Craig Hallum’s price target would suggest a potential upside of 30.05% from the company’s current price.

GPRE has been the topic of a number of other research reports. BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. ValuEngine downgraded Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. TheStreet downgraded Green Plains from a “c” rating to a “d+” rating in a research note on Monday, November 12th. Finally, Roth Capital lowered their target price on Green Plains from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Green Plains currently has a consensus rating of “Hold” and a consensus target price of $18.33.

NASDAQ:GPRE traded up $0.17 during trading hours on Tuesday, hitting $14.61. 110,783 shares of the company’s stock traded hands, compared to its average volume of 601,646. The firm has a market capitalization of $554.13 million, a price-to-earnings ratio of -16.99, a PEG ratio of 10.29 and a beta of 1.25. Green Plains has a twelve month low of $12.00 and a twelve month high of $21.90. The company has a current ratio of 1.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.76.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, February 11th. The specialty chemicals company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.89). The business had revenue of $827.50 million for the quarter, compared to analyst estimates of $894.16 million. Green Plains had a net margin of 0.23% and a negative return on equity of 4.22%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.16) earnings per share. Equities analysts forecast that Green Plains will post -1 earnings per share for the current year.

In other news, insider Michelle Mapes sold 7,000 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $17.14, for a total transaction of $119,980.00. Following the completion of the sale, the insider now owns 42,419 shares in the company, valued at approximately $727,061.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey S. Briggs sold 18,434 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $13.00, for a total value of $239,642.00. Following the sale, the insider now owns 95,786 shares of the company’s stock, valued at approximately $1,245,218. The disclosure for this sale can be found here. Insiders sold 186,680 shares of company stock worth $2,880,720 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Green Plains by 2.2% during the 3rd quarter. BlackRock Inc. now owns 6,428,399 shares of the specialty chemicals company’s stock worth $110,568,000 after acquiring an additional 135,423 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Green Plains by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,501,626 shares of the specialty chemicals company’s stock worth $60,228,000 after purchasing an additional 65,365 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Green Plains by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,141,627 shares of the specialty chemicals company’s stock worth $54,036,000 after purchasing an additional 32,818 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Green Plains by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 3,141,627 shares of the specialty chemicals company’s stock worth $54,036,000 after purchasing an additional 32,818 shares during the last quarter. Finally, Rubric Capital Management LP acquired a new position in shares of Green Plains during the 3rd quarter worth about $38,700,000.

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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