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

Shares of Green Plains Inc. (NASDAQ:GPRE) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $26.28.

A number of research firms have commented on GPRE. Craig Hallum dropped their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. UBS Group dropped their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets dropped their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial restated a “buy” rating and issued a $25.00 price objective (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th.

Green Plains Price Performance

Green Plains stock opened at $13.50 on Friday. The stock has a market cap of $872.36 million, a P/E ratio of -10.98 and a beta of 1.52. The company has a fifty day simple moving average of $13.94 and a 200-day simple moving average of $17.08. Green Plains has a 12-month low of $11.63 and a 12-month high of $31.92. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The company had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. During the same quarter in the prior year, the business earned ($0.89) earnings per share. Green Plains’s revenue was down 27.8% compared to the same quarter last year. Equities analysts expect that Green Plains will post -0.95 EPS for the current fiscal year.

Institutional Trading of Green Plains

Institutional investors and hedge funds have recently modified their holdings of the business. Broad Bay Capital Management LP lifted its holdings in shares of Green Plains by 17.6% in the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after purchasing an additional 352,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Green Plains by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock valued at $106,266,000 after purchasing an additional 53,320 shares in the last quarter. Masters Capital Management LLC raised its position in shares of Green Plains by 25.0% in the fourth quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock valued at $12,610,000 after buying an additional 100,000 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Green Plains by 73.4% in the fourth quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock valued at $4,236,000 after buying an additional 71,099 shares during the last quarter. Finally, Clifford Capital Partners LLC acquired a new position in shares of Green Plains in the first quarter valued at approximately $7,688,000.

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.