Green Plains (GPRE) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a report released on Friday.

Several other equities research analysts also recently issued reports on the company. TheStreet downgraded Green Plains from a c rating to a d+ rating in a report on Monday, November 12th. ValuEngine upgraded Green Plains from a hold rating to a buy rating in a report on Saturday, November 10th. Finally, Zacks Investment Research upgraded Green Plains from a sell rating to a hold rating in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Green Plains presently has an average rating of Hold and a consensus target price of $24.00.

Shares of Green Plains stock opened at $13.48 on Friday. Green Plains has a one year low of $12.00 and a one year high of $21.90. The company has a market cap of $555.37 million, a P/E ratio of -15.67, a P/E/G ratio of 10.32 and a beta of 1.11. 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 earnings results on Wednesday, November 7th. The specialty chemicals company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.19). Green Plains had a net margin of 0.23% and a negative return on equity of 4.22%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $996.40 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. Green Plains’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts predict that Green Plains will post -1 earnings per share for the current year.

In related news, insider Jeffrey S. Briggs sold 25,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $17.28, for a total transaction of $432,000.00. Following the completion of the transaction, the insider now directly owns 158,801 shares of the company’s stock, valued at approximately $2,744,081.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Becker sold 90,000 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $16.58, for a total value 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 sold a total of 214,680 shares of company stock worth $3,365,190 in the last quarter. Company insiders own 5.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in 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 in the last quarter. Vanguard Group Inc. grew its stake in 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 in the last quarter. Legal & General Group Plc grew its stake in Green Plains by 8.1% during the 3rd quarter. Legal & General Group Plc now owns 123,578 shares of the specialty chemicals company’s stock worth $2,135,000 after purchasing an additional 9,292 shares in the last quarter. Teachers Advisors LLC grew its stake in Green Plains by 6.5% during the 3rd quarter. Teachers Advisors LLC now owns 766,222 shares of the specialty chemicals company’s stock worth $13,179,000 after purchasing an additional 46,726 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in Green Plains by 59.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 28,553 shares of the specialty chemicals company’s stock worth $491,000 after purchasing an additional 10,597 shares in 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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