Brokerages Set Green Plains Inc. (NASDAQ:GPRE) Target Price at $48.56

Green Plains Inc. (NASDAQ:GPREGet Rating) has been given a consensus recommendation of “Buy” by the eleven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $48.56.

Several equities research analysts recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Green Plains from $52.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, February 14th. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Finally, Zacks Investment Research lowered shares of Green Plains from a “buy” rating to a “hold” rating in a report on Monday, April 25th.

A number of institutional investors and hedge funds have recently bought and sold shares of GPRE. Covestor Ltd increased its position in Green Plains by 8,023.1% during the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 1,043 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Green Plains in the first quarter valued at approximately $46,000. City State Bank acquired a new stake in Green Plains in the fourth quarter valued at approximately $56,000. Point72 Hong Kong Ltd grew its position in Green Plains by 39.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 539 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Green Plains by 50.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 700 shares in the last quarter.

Shares of NASDAQ:GPRE traded up $0.72 on Friday, reaching $33.08. 518,343 shares of the company were exchanged, compared to its average volume of 1,129,817. The company has a current ratio of 2.00, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. Green Plains has a 1-year low of $26.09 and a 1-year high of $44.27. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -14.26 and a beta of 1.59. The company has a 50-day moving average of $30.70 and a 200-day moving average of $32.79.

Green Plains (NASDAQ:GPREGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The specialty chemicals company reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.95). Green Plains had a negative return on equity of 10.32% and a negative net margin of 3.96%. The company had revenue of $781.40 million for the quarter, compared to analyst estimates of $728.25 million. During the same period last year, the company earned ($0.48) earnings per share. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. As a group, analysts forecast that Green Plains will post -0.29 earnings per share for the current year.

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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