Green Plains, Inc. (NASDAQ:GPRE) Receives $15.43 Average PT from Analysts

Shares of Green Plains, Inc. (NASDAQ:GPRE) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.4286.

Several analysts have recently issued reports on GPRE shares. UBS Group upped their price objective on Green Plains from $12.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Zacks Research cut Green Plains from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Stephens boosted their target price on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th.

Hedge Funds Weigh In On Green Plains

A number of institutional investors have recently modified their holdings of GPRE. Quarry LP acquired a new stake in Green Plains during the third quarter worth approximately $67,000. Marex Group plc acquired a new position in Green Plains in the 4th quarter valued at $98,000. Virtus Advisers LLC acquired a new position in Green Plains in the 4th quarter valued at $98,000. WINTON GROUP Ltd purchased a new position in shares of Green Plains during the 2nd quarter worth $61,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Green Plains during the 4th quarter worth $100,000.

Green Plains Price Performance

GPRE stock opened at $16.95 on Friday. Green Plains has a 1 year low of $7.07 and a 1 year high of $19.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.71. The stock’s 50 day moving average price is $15.83 and its 200 day moving average price is $14.98. The firm has a market cap of $1.19 billion, a P/E ratio of -51.36 and a beta of 1.19.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.43. The firm had revenue of $445.80 million for the quarter, compared to analysts’ expectations of $532.53 million. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.Green Plains’s quarterly revenue was down 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.14) EPS. On average, sell-side analysts expect that Green Plains will post 2.1 earnings per share for the current fiscal 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.