Green Plains, Inc. (NASDAQ:GPRE) Stock Has Average Target Price of $15.43 According to Analysts

Shares of Green Plains, Inc. (NASDAQ:GPRE) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $15.67.

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Green Plains from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Green Plains from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Zacks Research upgraded shares of Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. UBS Group reissued a “neutral” rating on shares of Green Plains in a research report on Tuesday, August 25th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Green Plains in a research note on Friday, August 7th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nykredit A S purchased a new position in shares of Green Plains in the 2nd quarter worth about $27,000. Integrated Wealth Concepts LLC bought a new stake in Green Plains in the second quarter worth about $28,000. Virtus Advisers LLC purchased a new position in Green Plains in the second quarter valued at about $158,000. State of Wyoming purchased a new stake in shares of Green Plains during the 2nd quarter worth approximately $163,000. Finally, ProShare Advisors LLC increased its stake in shares of Green Plains by 11.7% during the 4th quarter. ProShare Advisors LLC now owns 12,275 shares of the specialty chemicals company’s stock worth $120,000 after purchasing an additional 1,290 shares during the last quarter.

Green Plains Trading Down 0.5%

NASDAQ GPRE opened at $15.15 on Thursday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 9.53 and a beta of 1.15. The business has a fifty day simple moving average of $15.38 and a 200 day simple moving average of $15.83. Green Plains has a 12 month low of $8.93 and a 12 month high of $19.65. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The business had revenue of $446.22 million for the quarter, compared to analysts’ expectations of $542.38 million. During the same period last year, the business earned ($1.09) EPS. On average, analysts predict that Green Plains will post 2.04 EPS for the current fiscal year.

Green Plains Company Profile

Green Plains Inc is a biorefining company headquartered in Omaha, Nebraska. Founded in 2006, the company develops and operates renewable-fuel and ingredient production facilities that process corn into ethanol and other value-added products.

Its principal products include low-carbon renewable ethanol, renewable corn oil, distillers grains and other feed ingredients used in livestock and aquaculture markets. Green Plains has also developed higher-protein feed products and technologies designed to improve the efficiency and environmental performance of its biorefineries.

The company operates facilities primarily in the U.S.