Green Plains (GPRE) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a buy rating in a report released on Friday morning.

Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Green Plains from a strong sell rating to a sell rating in a research report on Friday, August 3rd. Stephens cut shares of Green Plains from an overweight rating to an equal weight rating in a research report on Thursday, June 28th. Zacks Investment Research cut shares of Green Plains from a hold rating to a strong sell rating in a research report on Wednesday, July 25th. Finally, Roth Capital set a $25.00 price objective on shares of Green Plains and gave the stock a buy rating in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $24.25.

NASDAQ GPRE traded up $0.14 on Friday, hitting $19.05. 1,639,280 shares of the company’s stock traded hands, compared to its average volume of 709,529. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.74. Green Plains has a 1-year low of $15.25 and a 1-year high of $21.90. The stock has a market cap of $712.59 million, a price-to-earnings ratio of -22.15 and a beta of 1.08.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, August 1st. The specialty chemicals company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.28. Green Plains had a net margin of 1.45% and a negative return on equity of 3.73%. The business had revenue of $986.80 million during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the business posted ($0.41) EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts forecast that Green Plains will post -0.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Monday, August 27th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, August 24th. Green Plains’s dividend payout ratio is presently -55.81%.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in Green Plains by 1,751.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,852 shares of the specialty chemicals company’s stock worth $162,000 after acquiring an additional 8,374 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Green Plains in the 2nd quarter valued at $169,000. Aperio Group LLC bought a new position in Green Plains in the 1st quarter valued at $183,000. Sei Investments Co. raised its position in Green Plains by 6,817.4% in the 2nd quarter. Sei Investments Co. now owns 11,552 shares of the specialty chemicals company’s stock valued at $211,000 after purchasing an additional 11,385 shares during the last quarter. Finally, Swiss National Bank raised its position in Green Plains by 7.0% in the 1st quarter. Swiss National Bank now owns 68,600 shares of the specialty chemicals company’s stock valued at $1,152,000 after purchasing an additional 4,500 shares during the last quarter.

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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