Green Plains Inc Gets a Buy Rating from Jefferies

By Carrie Williams

In a report released yesterday, Laurence Alexander from Jefferies reiterated a Buy rating on Green Plains Inc (NASDAQ: GPRE), with a price target of $32. The company’s shares closed yesterday at $21.70.

According to, Alexander is a 5-star analyst with an average return of 10.3% and a 63.6% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and Sherwin-Williams Company.

Green Plains Inc has an analyst consensus of Strong Buy, with a price target consensus of $31.

Based on Green Plains Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $881 million and GAAP net loss of $3.6 million. In comparison, last year the company earned revenue of $748 million and had a GAAP net loss of $24.14 million.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. Last month, Michelle Mapes, the EVP – Gen Counsel Corp Sec of GPRE sold 2,301 shares for a total of $57,088.

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Green Plains, Inc. produces fuel-grade ethanol and corn oil, provides grain handling and storage, commodity marketing and distribution services. The company operates through the following segments: Ethanol Production, Partnership, Agribusiness and Energy Services and Food & Food Ingredients. The Ethanol Production segment operates ethanol plants in Indiana, Iowa, Michigan, Minnesota, Nebraska and Tennessee. The Partnership segment provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Agribusiness and Energy Services segment includes grain procurement, which markets, sells and distributes ethanol, distillers grains and corn oil produced at ethanol plants. This segment operates through bulk grain business and cattle feedlot operations. The Food & Food Ingredients segment includes a cattle feedlot operations. The company was founded in June 2004 and is headquartered in Omaha, NE.