Green Plains Inc. (NASDAQ:GPRE) Given Consensus Rating of “Buy” by Analysts

Shares of Green Plains Inc. (NASDAQ:GPREGet Rating) have been given a consensus recommendation of “Buy” by the eleven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $48.56.

GPRE has been the subject of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Green Plains from $52.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 14th. Evercore ISI raised shares of Green Plains from an “in-line” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Tuesday, January 18th. Zacks Investment Research downgraded shares of Green Plains from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Finally, StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Thursday, April 14th.

Shares of GPRE stock traded down $0.76 during trading hours on Tuesday, hitting $30.58. 37,128 shares of the company’s stock traded hands, compared to its average volume of 1,140,805. The stock’s 50 day simple moving average is $30.42 and its 200 day simple moving average is $33.57. The stock has a market cap of $1.64 billion, a PE ratio of -22.79 and a beta of 1.59. Green Plains has a 12 month low of $25.39 and a 12 month high of $44.27. The company has a quick ratio of 1.80, a current ratio of 2.37 and a debt-to-equity ratio of 0.47.

Green Plains (NASDAQ:GPREGet Rating) last released its quarterly earnings results on Monday, May 2nd. The specialty chemicals company reported ($1.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($1.09). The business had revenue of $781.40 million for the quarter, compared to the consensus estimate of $728.25 million. Green Plains had a negative net margin of 2.33% and a negative return on equity of 6.45%. Green Plains’s revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.48) EPS. As a group, equities research analysts expect that Green Plains will post 0.64 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC boosted its holdings in Green Plains by 420.7% during the third quarter. Ancora Advisors LLC now owns 3,773,429 shares of the specialty chemicals company’s stock worth $123,202,000 after purchasing an additional 3,048,726 shares during the last quarter. BlackRock Inc. boosted its holdings in Green Plains by 32.0% during the third quarter. BlackRock Inc. now owns 9,003,536 shares of the specialty chemicals company’s stock worth $293,966,000 after purchasing an additional 2,181,575 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Green Plains during the third quarter worth about $33,250,000. Hsbc Holdings PLC boosted its holdings in Green Plains by 2,092.2% during the third quarter. Hsbc Holdings PLC now owns 745,304 shares of the specialty chemicals company’s stock worth $24,044,000 after purchasing an additional 711,306 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in Green Plains in the fourth quarter worth about $16,971,000.

About Green Plains (Get Rating)

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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