Analysts Set Green Plains, Inc. (GPRE) Price Target at $27.00

Green Plains, Inc. (NASDAQ:GPRE) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $27.00.

A number of equities analysts have recently weighed in on GPRE shares. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price on shares of Green Plains in a report on Tuesday, May 2nd. Roth Capital set a $27.00 target price on Green Plains and gave the company a “buy” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $28.00 target price on shares of Green Plains in a report on Friday, July 14th. Zacks Investment Research downgraded Green Plains from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Monday, July 31st.

Green Plains (NASDAQ GPRE) traded up 1.31% during midday trading on Friday, reaching $19.40. 148,324 shares of the company were exchanged. Green Plains has a 52-week low of $17.70 and a 52-week high of $29.85. The firm’s 50-day moving average price is $19.97 and its 200 day moving average price is $22.54. The stock has a market capitalization of $780.27 million, a price-to-earnings ratio of 113.45 and a beta of 1.42.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.29. The business had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. Green Plains’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities analysts predict that Green Plains will post $0.50 earnings per share for the current year.

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In related news, EVP Michelle Mapes sold 2,301 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $24.81, for a total value of $57,087.81. Following the transaction, the executive vice president now owns 53,596 shares in the company, valued at $1,329,716.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Todd A. Becker sold 5,600 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total value of $130,424.00. Following the completion of the transaction, the insider now owns 708,088 shares in the company, valued at approximately $16,491,369.52. The disclosure for this sale can be found here. Insiders sold 87,903 shares of company stock worth $1,932,599 in the last 90 days. 6.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in GPRE. Capstone Asset Management Co. increased its position in Green Plains by 0.4% in the second quarter. Capstone Asset Management Co. now owns 15,513 shares of the specialty chemicals company’s stock worth $319,000 after buying an additional 60 shares in the last quarter. Arizona State Retirement System increased its position in Green Plains by 0.5% in the first quarter. Arizona State Retirement System now owns 18,497 shares of the specialty chemicals company’s stock worth $458,000 after buying an additional 100 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Green Plains by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,752 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 110 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Green Plains by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock worth $202,000 after buying an additional 160 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Green Plains by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 190 shares in the last quarter.

Green Plains Company Profile

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.

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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