Green Plains (GPRE) Raised 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 research report issued to clients and investors on Thursday.

Several other research firms have also commented on GPRE. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Craig Hallum began coverage on shares of Green Plains in a report on Thursday, September 14th. They set a “buy” rating and a $29.00 target price on the stock. Piper Jaffray Companies raised shares of Green Plains from a “neutral” rating to an “overweight” rating in a research report on Friday, November 3rd. BMO Capital Markets reissued an “outperform” rating and set a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. Finally, Roth Capital set a $25.00 price target on shares of Green Plains and gave the company a “buy” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Green Plains presently has an average rating of “Hold” and an average price target of $25.33.

Green Plains (NASDAQ:GPRE) traded up $0.25 during mid-day trading on Thursday, hitting $17.70. 682,875 shares of the company traded hands, compared to its average volume of 676,697. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.57. Green Plains has a 52 week low of $15.60 and a 52 week high of $26.05. The company has a market cap of $728.57, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.85 and a beta of 1.52.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.47). Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The business had revenue of $901.20 million for the quarter, compared to the consensus estimate of $933.36 million. During the same period in the prior year, the business posted $0.20 EPS. Green Plains’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts predict that Green Plains will post -0.78 earnings per share for the current fiscal year.

In related news, Director Ejnar A. Knudsen III bought 15,483 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was purchased at an average cost of $16.54 per share, with a total value of $256,088.82. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John W. Neppl bought 30,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of $16.78 per share, with a total value of $503,400.00. Following the completion of the transaction, the chief financial officer now owns 38,474 shares in the company, valued at approximately $645,593.72. The disclosure for this purchase can be found here. Insiders have acquired a total of 157,136 shares of company stock valued at $2,590,578 in the last three months. 6.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of Green Plains by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 104 shares during the period. Suntrust Banks Inc. lifted its position in shares of Green Plains by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 16,423 shares of the specialty chemicals company’s stock worth $337,000 after purchasing an additional 370 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Green Plains by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,433 shares of the specialty chemicals company’s stock worth $605,000 after purchasing an additional 1,513 shares during the period. Prudential Financial Inc. lifted its position in shares of Green Plains by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 64,760 shares of the specialty chemicals company’s stock worth $1,331,000 after purchasing an additional 1,820 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Green Plains by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 77,094 shares of the specialty chemicals company’s stock worth $1,584,000 after purchasing an additional 2,149 shares during the period.

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About Green Plains

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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