Green Plains Inc. (NASDAQ:GPRE) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.20.

A number of brokerages have commented on GPRE. BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Green Plains from a “strong sell” rating to a “sell” rating in a research report on Friday. Zacks Investment Research upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Monday, March 19th. Finally, Piper Jaffray reiterated a “buy” rating and issued a $27.00 price objective on shares of Green Plains in a research report on Wednesday, February 7th.

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GPRE traded up $0.10 during midday trading on Thursday, reaching $18.35. The company’s stock had a trading volume of 153,244 shares, compared to its average volume of 658,622. The firm has a market capitalization of $724.49, a P/E ratio of -21.22, a price-to-earnings-growth ratio of 3.34 and a beta of 1.39. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. Green Plains has a twelve month low of $15.60 and a twelve month high of $26.05.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.01. Green Plains had a negative return on equity of 3.33% and a net margin of 1.70%. The company had revenue of $920.98 million during the quarter, compared to the consensus estimate of $953.30 million. During the same quarter last year, the company earned $0.47 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. analysts anticipate that Green Plains will post 0.49 earnings per share for the current year.

In related news, insider Michelle Mapes sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $19.27, for a total transaction of $134,890.00. Following the completion of the transaction, the insider now owns 35,515 shares in the company, valued at approximately $684,374.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael A. Metzler sold 21,053 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $19.00, for a total value of $400,007.00. Following the transaction, the executive vice president now owns 41,771 shares of the company’s stock, valued at approximately $793,649. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of GPRE. Russell Investments Group Ltd. lifted its position in shares of Green Plains by 1,012.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 163,584 shares of the specialty chemicals company’s stock worth $3,295,000 after buying an additional 148,879 shares during the period. Legal & General Group Plc lifted its position in shares of Green Plains by 9.0% during the 3rd quarter. Legal & General Group Plc now owns 118,852 shares of the specialty chemicals company’s stock worth $2,393,000 after buying an additional 9,787 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Green Plains by 65.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 986,647 shares of the specialty chemicals company’s stock worth $19,734,000 after buying an additional 390,572 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Green Plains by 8.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 524,456 shares of the specialty chemicals company’s stock worth $10,568,000 after buying an additional 42,724 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Green Plains by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,503,869 shares of the specialty chemicals company’s stock worth $70,603,000 after buying an additional 140,514 shares during the period.

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About Green Plains

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.

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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