BMO Capital Markets Forecasts Strong Price Appreciation for Green Plains (NASDAQ:GPRE) Stock

Green Plains (NASDAQ:GPRE) had its price target increased by equities researchers at BMO Capital Markets from $14.00 to $15.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price target would suggest a potential downside of 9.09% from the stock’s current price.

A number of other analysts have also recently weighed in on GPRE. Zacks Research raised shares of Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Thursday, January 22nd. Oppenheimer increased their target price on shares of Green Plains from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Stephens upgraded shares of Green Plains from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $17.00 in a research note on Monday, February 9th. Finally, Wall Street Zen raised shares of Green Plains from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.29.

Green Plains Trading Up 1.9%

GPRE opened at $16.50 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.79. Green Plains has a one year low of $3.14 and a one year high of $16.88. The company has a market cap of $1.15 billion, a P/E ratio of -8.73, a PEG ratio of 0.75 and a beta of 1.46. The business’s 50-day simple moving average is $13.98 and its 200-day simple moving average is $11.40.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.10. The firm had revenue of $428.85 million during the quarter, compared to analysts’ expectations of $536.56 million. Green Plains had a negative return on equity of 8.70% and a negative net margin of 5.80%.The firm’s revenue was down 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.86) earnings per share. As a group, equities research analysts expect that Green Plains will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Plains

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Green Plains by 192.2% in the third quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 2,991 shares during the last quarter. Quarry LP purchased a new position in shares of Green Plains during the third quarter worth about $67,000. Marex Group plc purchased a new position in shares of Green Plains during the fourth quarter worth about $98,000. Virtus Advisers LLC acquired a new position in Green Plains in the 4th quarter valued at about $98,000. Finally, WINTON GROUP Ltd acquired a new position in Green Plains in the 2nd quarter valued at about $61,000.

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.