Green Plains, Inc. (NASDAQ:GPRE) Receives Consensus Rating of “Hold” from Analysts

Shares of Green Plains, Inc. (NASDAQ:GPRE) have been given an average rating of “Hold” by the nine research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.2857.

GPRE has been the topic of several recent research reports. Stephens boosted their price target on Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Oppenheimer restated an “outperform” rating and issued a $20.00 price target on shares of Green Plains in a research report on Friday, May 8th. Zacks Research upgraded Green Plains from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. BMO Capital Markets boosted their price target on Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Finally, Wall Street Zen upgraded Green Plains from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th.

Institutional Investors Weigh In On Green Plains

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Green Plains in the 3rd quarter valued at approximately $67,000. Marex Group plc purchased a new stake in Green Plains in the 4th quarter valued at approximately $98,000. Virtus Advisers LLC purchased a new stake in Green Plains in the 4th quarter valued at approximately $98,000. WINTON GROUP Ltd purchased a new stake in Green Plains in the 2nd quarter valued at approximately $61,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Green Plains in the 4th quarter valued at approximately $100,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $15.81 on Friday. The stock has a market capitalization of $1.11 billion, a PE ratio of -47.91 and a beta of 1.24. Green Plains has a 52-week low of $3.97 and a 52-week high of $18.94. The stock’s 50-day moving average price is $16.25 and its 200 day moving average price is $13.30. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.43. The firm had revenue of $445.80 million for the quarter, compared to analysts’ expectations of $532.53 million. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The firm’s revenue for the quarter was down 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.14) EPS. As a group, equities research analysts forecast that Green Plains will post 2.1 EPS for the current year.

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.