Green Plains Inc. (NASDAQ:GPRE) Receives $30.38 Average PT from Analysts

Green Plains Inc. (NASDAQ:GPRE) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $30.38.

Several analysts have recently weighed in on GPRE shares. BMO Capital Markets decreased their price target on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, May 6th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Stephens restated an “equal weight” rating and issued a $24.00 price objective on shares of Green Plains in a report on Tuesday, May 7th. Truist Financial reiterated a “buy” rating and set a $35.00 target price on shares of Green Plains in a report on Tuesday, March 26th. Finally, Bank of America reduced their price target on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, May 7th.

Hedge Funds Weigh In On Green Plains

Institutional investors and hedge funds have recently bought and sold shares of the company. Future Fund LLC grew its stake in Green Plains by 5.0% during the 4th quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock worth $289,000 after buying an additional 550 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Green Plains by 6.3% during the first quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock valued at $256,000 after acquiring an additional 655 shares in the last quarter. Inspire Investing LLC raised its position in shares of Green Plains by 4.1% in the 1st quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock valued at $398,000 after purchasing an additional 675 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Green Plains by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock worth $670,000 after purchasing an additional 901 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Green Plains by 3.7% during the 4th quarter. New York State Common Retirement Fund now owns 25,900 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 921 shares during the last quarter.

Green Plains Price Performance

GPRE opened at $15.86 on Friday. The business has a fifty day moving average of $18.22 and a 200 day moving average of $21.03. The stock has a market cap of $1.02 billion, a P/E ratio of -12.89 and a beta of 1.50. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. Green Plains has a 52-week low of $14.40 and a 52-week high of $36.02.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). The company had revenue of $597.20 million during the quarter, compared to the consensus estimate of $654.40 million. Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.20) earnings per share. As a group, sell-side analysts anticipate that Green Plains will post -0.24 EPS for the current 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.