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

Shares of Green Plains Inc. (NASDAQ:GPRE) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $25.50.

A number of equities analysts have recently issued reports on GPRE shares. Truist Financial lowered their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. BMO Capital Markets lowered their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Craig Hallum lowered their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, UBS Group dropped their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th.

Green Plains Stock Down 8.1 %

Shares of NASDAQ GPRE opened at $11.83 on Thursday. The company has a market capitalization of $764.81 million, a P/E ratio of -31.13 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The company has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $15.45. Green Plains has a 1 year low of $10.74 and a 1 year high of $28.50.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.89) earnings per share. On average, equities research analysts predict that Green Plains will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently bought and sold shares of GPRE. Point72 Hong Kong Ltd bought a new position in Green Plains during the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Green Plains during the 2nd quarter valued at approximately $41,000. nVerses Capital LLC bought a new position in Green Plains during the third quarter worth $65,000. Crewe Advisors LLC acquired a new position in Green Plains in the first quarter worth $150,000. Finally, DRW Securities LLC bought a new stake in Green Plains during the second quarter valued at $168,000.

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.