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

Green Plains Inc. (NASDAQ:GPRE) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.28.

A number of analysts have weighed in on the company. Craig Hallum reduced their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. BMO Capital Markets decreased their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. UBS Group dropped their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $25.00 target price (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th.

Green Plains Trading Down 0.2 %

Shares of NASDAQ GPRE opened at $13.04 on Friday. The business has a 50 day simple moving average of $13.59 and a 200 day simple moving average of $16.88. Green Plains has a 52 week low of $11.63 and a 52 week high of $31.92. The stock has a market cap of $842.63 million, a price-to-earnings ratio of -10.60 and a beta of 1.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68.

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 business had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. During the same quarter last year, the company earned ($0.89) EPS. The business’s revenue for the quarter was down 27.8% compared to the same quarter last year. On average, research analysts predict that Green Plains will post -0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wolf Hill Capital Management LP boosted its stake in Green Plains by 3,036.9% during the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after buying an additional 1,697,784 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after acquiring an additional 447,825 shares in the last quarter. Grizzlyrock Capital LLC bought a new stake in Green Plains in the fourth quarter valued at about $10,444,000. Kailix Advisors LLC raised its position in 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. Finally, Broad Bay Capital Management LP lifted its stake in Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after purchasing an additional 352,000 shares during the period.

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.