Green Plains, Inc. (NASDAQ:GPRE) Receives Average Recommendation of “Hold” from Analysts

Green Plains, Inc. (NASDAQ:GPRE) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.2857.

GPRE has been the subject of a number of research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Stephens upped their target price on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a report on Tuesday, April 21st. BMO Capital Markets upped their target price on shares of Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Finally, Zacks Research raised shares of Green Plains from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th.

Institutional Trading of Green Plains

Hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in shares of Green Plains in the 2nd quarter worth $61,000. Quarry LP acquired a new stake in shares of Green Plains in the 3rd quarter worth $67,000. Aquatic Capital Management LLC acquired a new stake in shares of Green Plains in the 3rd quarter worth $95,000. Marex Group plc acquired a new stake in shares of Green Plains in the 4th quarter worth $98,000. Finally, Virtus Advisers LLC acquired a new stake in shares of Green Plains in the 4th quarter worth $98,000.

Green Plains Stock Down 5.2%

GPRE opened at $15.08 on Friday. The business’s 50-day simple moving average is $16.23 and its 200-day simple moving average is $13.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.71. Green Plains has a one year low of $3.97 and a one year high of $18.94. The stock has a market capitalization of $1.06 billion, a P/E ratio of -45.70 and a beta of 1.19.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.43. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The business had revenue of $445.80 million for the quarter, compared to analysts’ expectations of $532.53 million. During the same quarter in the previous year, the firm earned ($1.14) earnings per share. The business’s revenue was down 25.9% compared to the same quarter last year. Analysts anticipate that Green Plains will post 2.1 EPS for the current year.

About Green Plains

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.