Analysts Set Green Plains Inc. (NASDAQ:GPRE) Target Price at $25.50

Green Plains Inc. (NASDAQ:GPRE) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.50.

A number of equities analysts have issued reports on the company. Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Craig Hallum dropped their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets dropped their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On Green Plains

Several large investors have recently added to or reduced their stakes in GPRE. Vanguard Group Inc. grew its stake in shares of Green Plains by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after purchasing an additional 447,825 shares in the last quarter. State Street Corp grew its stake in shares of Green Plains by 2.9% in the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after purchasing an additional 111,501 shares in the last quarter. Wolf Hill Capital Management LP grew its stake in shares of Green Plains by 13.7% in the second quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock worth $31,633,000 after purchasing an additional 240,849 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Green Plains by 3.6% in the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after purchasing an additional 65,637 shares in the last quarter. Finally, Kailix Advisors LLC grew its stake in shares of Green Plains by 39.8% in the second quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares in the last quarter.

Green Plains Stock Up 1.4 %

Shares of NASDAQ:GPRE opened at $10.82 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains has a 1 year low of $10.36 and a 1 year high of $28.50. The stock has a market capitalization of $699.51 million, a P/E ratio of -28.47 and a beta of 1.53. The stock has a 50-day simple moving average of $12.08 and a 200-day simple moving average of $14.43.

About Green Plains

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.