Green Plains Inc. (NASDAQ:GPRE) Receives $18.89 Consensus PT from Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE) have earned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.89.

Several analysts recently weighed in on the company. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. BMO Capital Markets decreased their price target on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. UBS Group cut shares of Green Plains from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Finally, Truist Financial restated a “buy” rating and issued a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th.

Hedge Funds Weigh In On Green Plains

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 2,717 shares during the last quarter. Quest Partners LLC acquired a new position in Green Plains during the 3rd quarter worth about $52,000. Dauntless Investment Group LLC bought a new stake in shares of Green Plains in the 4th quarter valued at about $54,000. KBC Group NV increased its stake in shares of Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 3,320 shares during the period. Finally, Cape Investment Advisory Inc. lifted its stake in shares of Green Plains by 340.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after acquiring an additional 5,450 shares during the period.

Green Plains Stock Performance

Shares of Green Plains stock opened at $4.85 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The company has a market cap of $313.94 million, a PE ratio of -3.57 and a beta of 1.55. The company has a 50 day moving average of $6.47 and a 200-day moving average of $9.56. Green Plains has a 1-year low of $4.62 and a 1-year high of $24.04.

Green Plains (NASDAQ:GPRE) last released its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same period in the prior year, the firm earned $0.13 EPS. As a group, equities research analysts forecast that Green Plains will post -0.5 earnings per share for the current fiscal year.

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.