Green Plains, Inc. (NASDAQ:GPRE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Green Plains, Inc. (NASDAQ:GPRE) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong 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 $10.00.

Several research firms have issued reports on GPRE. Oppenheimer set a $15.00 price target on shares of Green Plains and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Tudor Pickering upgraded Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Roth Mkm lowered Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Thursday, November 6th. Bank of America upped their target price on Green Plains from $7.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Green Plains Trading Down 1.5%

Shares of GPRE stock opened at $11.69 on Friday. The stock has a 50-day simple moving average of $10.23 and a 200 day simple moving average of $9.68. The stock has a market capitalization of $816.31 million, a P/E ratio of -4.00, a P/E/G ratio of 1.36 and a beta of 1.44. Green Plains has a fifty-two week low of $3.14 and a fifty-two week high of $12.31. The company has a quick ratio of 1.20, a current ratio of 1.68 and a debt-to-equity ratio of 0.40.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.48. Green Plains had a negative net margin of 8.37% and a negative return on equity of 16.78%. The business had revenue of $508.49 million for the quarter, compared to the consensus estimate of $583.55 million. During the same period in the previous year, the firm earned $0.69 EPS. The business’s revenue for the quarter was down 22.8% on a year-over-year basis. On average, sell-side analysts expect that Green Plains will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Clifford Capital Partners LLC boosted its position in shares of Green Plains by 201.2% in the second quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock worth $8,363,000 after buying an additional 926,553 shares during the period. Jefferies Financial Group Inc. acquired a new position in Green Plains during the second quarter valued at $197,000. Envestnet Asset Management Inc. lifted its stake in Green Plains by 112.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 85,720 shares of the specialty chemicals company’s stock worth $517,000 after acquiring an additional 45,397 shares in the last quarter. CenterBook Partners LP lifted its stake in Green Plains by 76.3% in the 2nd quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock worth $7,027,000 after acquiring an additional 504,433 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in Green Plains during the 2nd quarter worth about $314,000.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.