Green Plains Inc. (NASDAQ:GPRE) Receives $24.44 Average PT from Brokerages

Green Plains Inc. (NASDAQ:GPRE) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.31.

GPRE has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price objective on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday. Truist Financial dropped their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd.

Green Plains Trading Down 1.4 %

Shares of GPRE opened at $6.51 on Friday. The business’s 50-day moving average price is $9.66 and its 200-day moving average price is $11.85. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. Green Plains has a twelve month low of $6.23 and a twelve month high of $24.84. The stock has a market cap of $420.87 million, a PE ratio of -17.13, a P/E/G ratio of 3.69 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Green Plains will post -1.02 EPS for the current fiscal year.

Institutional Trading of Green Plains

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after purchasing an additional 111,501 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Green Plains by 21.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock valued at $13,286,000 after buying an additional 250,738 shares during the period. Kailix Advisors LLC grew its holdings in Green Plains by 15.3% in the 4th quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock worth $12,484,000 after acquiring an additional 174,519 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Green Plains by 1,122.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after acquiring an additional 646,507 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Green Plains by 29.5% during the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after acquiring an additional 126,795 shares during the last quarter.

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.