Green Plains (NASDAQ:GPRE) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Other equities research analysts also recently issued research reports about the company. Piper Jaffray Companies restated a “buy” rating and set a $27.00 target price on shares of Green Plains in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets restated an “outperform” rating and set a $25.00 target price (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. Finally, BidaskClub upgraded Green Plains from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.67.
Green Plains (NASDAQ GPRE) traded up $0.40 during mid-day trading on Thursday, hitting $18.70. The stock had a trading volume of 961,496 shares, compared to its average volume of 748,390. The company has a market capitalization of $769.73, a P/E ratio of 374.00, a P/E/G ratio of 3.30 and a beta of 1.55. Green Plains has a 12 month low of $15.60 and a 12 month high of $26.05. The company has a current ratio of 1.36, a quick ratio of 0.56 and a debt-to-equity ratio of 0.72.
In related news, insider Michelle Mapes sold 7,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $19.27, for a total value of $134,890.00. Following the completion of the sale, the insider now owns 35,515 shares in the company, valued at $684,374.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Becker acquired 9,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average price of $16.74 per share, with a total value of $150,660.00. Following the acquisition, the insider now directly owns 716,588 shares of the company’s stock, valued at approximately $11,995,683.12. The disclosure for this purchase can be found here. Corporate insiders own 6.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPRE. Van ECK Associates Corp increased its holdings in Green Plains by 70.0% in the third quarter. Van ECK Associates Corp now owns 3,588,878 shares of the specialty chemicals company’s stock valued at $72,316,000 after purchasing an additional 1,478,073 shares during the last quarter. Private Management Group Inc. bought a new stake in Green Plains in the third quarter valued at about $19,315,000. Mangrove Partners bought a new stake in Green Plains in the fourth quarter valued at about $15,809,000. Deprince Race & Zollo Inc. bought a new stake in Green Plains in the fourth quarter valued at about $9,045,000. Finally, JPMorgan Chase & Co. increased its holdings in Green Plains by 65.5% in the third quarter. JPMorgan Chase & Co. now owns 986,647 shares of the specialty chemicals company’s stock valued at $19,734,000 after purchasing an additional 390,572 shares during the last quarter.
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About Green Plains
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.
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