Green Plains Inc. (NASDAQ:GPRE) Receives $20.50 Average PT from Analysts

Shares of Green Plains Inc. (NASDAQ:GPRE) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $18.89.

A number of analysts have recently weighed in on GPRE shares. BMO Capital Markets lowered their price objective on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, February 10th. Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. UBS Group downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Jefferies Financial Group cut shares of Green Plains from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $6.00 in a research note on Tuesday. Finally, StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Green Plains by 2.9% during the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after purchasing an additional 111,501 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Green Plains by 21.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock worth $13,286,000 after buying an additional 250,738 shares in the last quarter. Kailix Advisors LLC grew its position in Green Plains by 15.3% during the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after buying an additional 174,519 shares during the period. CenterBook Partners LP purchased a new position in Green Plains in the fourth quarter valued at $10,940,000. Finally, Invesco Ltd. raised its position in shares of Green Plains by 92.0% in the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after acquiring an additional 488,870 shares during the period.

Green Plains Stock Performance

GPRE stock opened at $5.12 on Wednesday. The firm has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $10.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. Green Plains has a one year low of $4.78 and a one year high of $24.04. The firm has a market cap of $331.41 million, a price-to-earnings ratio of -3.76 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter last year, the company earned $0.13 earnings per share. On average, equities analysts forecast that Green Plains will post -0.5 EPS 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.