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

Shares of Green Plains Inc. (NASDAQ:GPRE) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $30.38.

Several equities analysts recently commented on GPRE shares. Bank of America dropped their price objective on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. BMO Capital Markets dropped their price objective on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, May 6th. Stephens reissued an “equal weight” rating and issued a $24.00 price objective on shares of Green Plains in a research note on Tuesday, May 7th. Craig Hallum dropped their price target on shares of Green Plains from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, Truist Financial reaffirmed a “buy” rating and set a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently bought and sold shares of the company. Deutsche Bank AG increased its stake in Green Plains by 25.1% in the third quarter. Deutsche Bank AG now owns 33,806 shares of the specialty chemicals company’s stock valued at $1,018,000 after purchasing an additional 6,776 shares in the last quarter. Invesco Ltd. increased its stake in Green Plains by 10.7% in the third quarter. Invesco Ltd. now owns 694,727 shares of the specialty chemicals company’s stock valued at $20,911,000 after purchasing an additional 66,966 shares in the last quarter. Algert Global LLC bought a new stake in Green Plains in the third quarter valued at $848,000. Seven Eight Capital LP bought a new stake in Green Plains in the third quarter valued at $246,000. Finally, iA Global Asset Management Inc. bought a new stake in Green Plains in the third quarter valued at $164,000.

Green Plains Stock Performance

NASDAQ GPRE opened at $15.14 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $978.35 million, a price-to-earnings ratio of -12.31 and a beta of 1.58. The firm’s 50 day simple moving average is $17.95 and its 200 day simple moving average is $20.86. Green Plains has a 1 year low of $14.40 and a 1 year high of $36.02.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.48). The firm had revenue of $597.20 million for the quarter, compared to analyst estimates of $654.40 million. Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The business’s revenue was down 28.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.20) EPS. As a group, research analysts expect that Green Plains will post -0.24 earnings per share for the current fiscal year.

About Green Plains

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.