Green Plains Inc. (NASDAQ:GPRE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Green Plains Inc. (NASDAQ:GPRE) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.38.

Several research firms have recently commented on GPRE. Craig Hallum lowered their price objective on shares of Green Plains from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Bank of America decreased their target price on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. UBS Group decreased their target price on shares of Green Plains from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a report on Tuesday, March 26th. Finally, BMO Capital Markets cut their price objective on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a report on Monday, May 6th.

Green Plains Stock Performance

Green Plains stock opened at $16.60 on Friday. The firm has a market capitalization of $1.07 billion, a P/E ratio of -13.49 and a beta of 1.50. The company’s 50-day moving average is $18.35 and its 200 day moving average is $21.15. Green Plains has a 1-year low of $14.40 and a 1-year high of $36.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.48). The business had revenue of $597.20 million for the quarter, compared to analysts’ expectations of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.20) earnings per share. Research analysts forecast that Green Plains will post -0.24 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Institutional investors and hedge funds have recently bought and sold shares of the company. Broad Bay Capital Management LP increased its stake in Green Plains by 17.6% during the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after buying an additional 352,000 shares during the period. Semanteon Capital Management LP acquired a new stake in Green Plains during the 4th quarter worth $1,162,000. Masters Capital Management LLC boosted its stake in Green Plains by 25.0% during the 4th quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock worth $12,610,000 after purchasing an additional 100,000 shares during the period. Algert Global LLC acquired a new stake in shares of Green Plains in the 3rd quarter worth $848,000. Finally, Rafferty Asset Management LLC lifted its stake in shares of Green Plains by 73.4% in the 4th quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock worth $4,236,000 after acquiring an additional 71,099 shares during the period.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.