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

Green Plains Inc. (NASDAQ:GPRE) has been given an average rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $36.67.

GPRE has been the subject of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $55.00 price target on shares of Green Plains in a report on Monday. Truist Financial reissued a “buy” rating and set a $35.00 price objective on shares of Green Plains in a research report on Tuesday. The Goldman Sachs Group cut their price objective on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. TheStreet cut shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Finally, UBS Group cut their price objective on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th.

Insider Buying and Selling

In related news, Director Ejnar A. Knudsen III purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the completion of the acquisition, the director now owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY boosted its position in Green Plains by 11.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 3,180 shares of the specialty chemicals company’s stock worth $103,000 after purchasing an additional 316 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Green Plains by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 27,815 shares of the specialty chemicals company’s stock valued at $848,000 after buying an additional 351 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Green Plains by 0.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 87,375 shares of the specialty chemicals company’s stock valued at $2,709,000 after buying an additional 390 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Green Plains by 3.6% during the 3rd quarter. Inspire Investing LLC now owns 11,519 shares of the specialty chemicals company’s stock valued at $347,000 after buying an additional 402 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Green Plains by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 21,373 shares of the specialty chemicals company’s stock valued at $652,000 after buying an additional 413 shares during the last quarter.

Green Plains Stock Performance

Shares of Green Plains stock opened at $21.68 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $21.57 and a two-hundred day moving average price of $25.04. Green Plains has a 1-year low of $19.44 and a 1-year high of $36.02. The company has a market cap of $1.39 billion, a P/E ratio of -13.38 and a beta of 1.60.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The business had revenue of $712.39 million for the quarter, compared to analyst estimates of $782.01 million. During the same quarter in the previous year, the business posted ($0.66) earnings per share. The business’s revenue was down 22.1% on a year-over-year basis. As a group, analysts anticipate that Green Plains will post 0.78 EPS for the current year.

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.