BidaskClub upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a research note issued to investors on Friday.

Several other research firms have also commented on GPRE. Roth Capital set a $25.00 price objective on shares of Green Plains and gave the company a buy rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered shares of Green Plains from a buy rating to a hold rating in a research report on Wednesday, May 2nd. ValuEngine upgraded shares of Green Plains from a sell rating to a hold rating in a research report on Wednesday, May 2nd. Finally, Stephens lowered shares of Green Plains from an overweight rating to an equal weight rating in a research report on Thursday, June 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Green Plains has an average rating of Hold and a consensus target price of $25.20.

Green Plains traded up $0.45, hitting $17.80, during trading on Friday, according to MarketBeat.com. 477,966 shares of the company traded hands, compared to its average volume of 786,401. The stock has a market capitalization of $741.59 million, a price-to-earnings ratio of -20.70 and a beta of 1.04. Green Plains has a 1 year low of $15.25 and a 1 year high of $21.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.64 and a current ratio of 1.51.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Wednesday, August 1st. The specialty chemicals company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.28. The company had revenue of $986.80 million during the quarter, compared to analysts’ expectations of $1 billion. Green Plains had a net margin of 1.45% and a negative return on equity of 3.73%. Green Plains’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted ($0.41) earnings per share. equities research analysts forecast that Green Plains will post -0.62 earnings per share for the current year.

In other Green Plains news, EVP Paul E. Kolomaya sold 8,000 shares of the stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $20.56, for a total transaction of $164,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.90% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Precocity Capital LP bought a new stake in shares of Green Plains in the 2nd quarter worth about $7,320,000. Richard Bernstein Advisors LLC bought a new stake in shares of Green Plains in the 2nd quarter worth about $2,415,000. Private Management Group Inc. lifted its holdings in shares of Green Plains by 5.0% in the 2nd quarter. Private Management Group Inc. now owns 1,365,376 shares of the specialty chemicals company’s stock worth $24,986,000 after acquiring an additional 65,367 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Green Plains by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 114,286 shares of the specialty chemicals company’s stock worth $2,083,000 after acquiring an additional 4,411 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Green Plains by 8.5% in the 2nd quarter. BlackRock Inc. now owns 6,292,976 shares of the specialty chemicals company’s stock worth $115,162,000 after acquiring an additional 493,801 shares during the last quarter.

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.

Further Reading: Average Daily Trade Volume – ADTV

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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