Brokerages Set Green Plains Inc. (NASDAQ:GPRE) Target Price at $26.78

Shares of Green Plains Inc. (NASDAQ:GPRE) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.28.

GPRE has been the topic of several research reports. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Roth Mkm reduced their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Stephens reiterated an “equal weight” rating and set a $24.00 price objective on shares of Green Plains in a research note on Tuesday, May 7th. Craig Hallum cut their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Truist Financial reiterated a “buy” rating and set a $25.00 price target (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th.

Green Plains Trading Up 3.2 %

GPRE opened at $14.04 on Friday. Green Plains has a 12-month low of $12.77 and a 12-month high of $34.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. The stock has a market capitalization of $907.25 million, a PE ratio of -11.41 and a beta of 1.58. The firm’s fifty day moving average price is $15.48 and its 200 day moving average price is $18.91.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The business’s revenue for the quarter was down 27.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.89) EPS. As a group, research analysts expect that Green Plains will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Green Plains

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after acquiring an additional 447,825 shares during the period. Broad Bay Capital Management LP lifted its position in Green Plains by 17.6% in the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after purchasing an additional 352,000 shares during the period. Wolf Hill Capital Management LP boosted its stake in Green Plains by 13.7% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after purchasing an additional 240,849 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Green Plains by 3.6% during the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after purchasing an additional 65,637 shares during the period. Finally, Kailix Advisors LLC increased its position in shares of Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after purchasing an additional 382,517 shares during the period.

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.