Green Plains (NASDAQ:GPRE) Downgraded by ValuEngine to “Buy”

ValuEngine downgraded shares of Green Plains (NASDAQ:GPRE) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday, ValuEngine reports.

Several other research firms have also commented on GPRE. BMO Capital Markets reduced their price target on shares of Green Plains from $25.00 to $13.00 and set an outperform rating for the company in a research report on Tuesday, May 5th. Jefferies Financial Group raised shares of Green Plains from a hold rating to a buy rating and upped their price target for the company from $7.00 to $16.00 in a research report on Wednesday. Zacks Investment Research raised shares of Green Plains from a sell rating to a hold rating in a research report on Thursday, March 12th. Craig Hallum reduced their price target on shares of Green Plains from $20.00 to $10.00 and set a buy rating for the company in a research report on Tuesday, April 28th. Finally, Roth Capital cut their price objective on Green Plains from $18.00 to $11.00 and set a buy rating for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $12.40.

NASDAQ:GPRE traded down $0.53 during mid-day trading on Thursday, reaching $8.81. The company’s stock had a trading volume of 853,478 shares, compared to its average volume of 686,280. Green Plains has a 12-month low of $3.77 and a 12-month high of $16.49. The firm’s fifty day moving average price is $5.43 and its two-hundred day moving average price is $10.86. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. The stock has a market cap of $324.06 million, a P/E ratio of -2.32 and a beta of 1.92.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Monday, May 4th. The specialty chemicals company reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.87) by ($0.19). Green Plains had a negative net margin of 4.88% and a negative return on equity of 10.92%. The business had revenue of $632.87 million for the quarter, compared to analysts’ expectations of $700.00 million. Analysts predict that Green Plains will post -1.45 earnings per share for the current fiscal year.

In other Green Plains news, Director Ejnar A. Knudsen III purchased 30,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of $4.79 per share, for a total transaction of $143,700.00. Following the purchase, the director now directly owns 71,956 shares of the company’s stock, valued at approximately $344,669.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mangrove Partners Master Fund, sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $4.23, for a total value of $38,070.00. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of GPRE. PNC Financial Services Group Inc. boosted its stake in Green Plains by 70.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,504 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 1,034 shares during the period. Two Sigma Investments LP bought a new position in Green Plains in the 1st quarter worth approximately $58,000. Fisher Asset Management LLC bought a new position in Green Plains in the 1st quarter worth approximately $63,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Green Plains by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,005 shares of the specialty chemicals company’s stock worth $82,000 after purchasing an additional 5,547 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Green Plains by 13.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 17,536 shares of the specialty chemicals company’s stock worth $85,000 after purchasing an additional 2,127 shares during the period.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in 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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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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