Green Plains, Inc. (NASDAQ:GPRE) Given Average Rating of “Hold” by Analysts

Green Plains, Inc. (NASDAQ:GPRE) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.00.

A number of research firms have recently weighed in on GPRE. Oppenheimer set a $15.00 price target on Green Plains and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Tudor, Pickering, Holt & Co. raised Green Plains from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Monday, October 6th. Roth Mkm cut Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Thursday, November 6th. Finally, Tudor Pickering raised Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th.

Hedge Funds Weigh In On Green Plains

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Green Plains by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,051,231 shares of the specialty chemicals company’s stock worth $35,610,000 after acquiring an additional 99,242 shares during the period. Clifford Capital Partners LLC increased its stake in shares of Green Plains by 201.2% during the second quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock valued at $8,363,000 after acquiring an additional 926,553 shares during the period. Wolf Hill Capital Management LP raised its holdings in Green Plains by 19.6% during the third quarter. Wolf Hill Capital Management LP now owns 1,291,815 shares of the specialty chemicals company’s stock worth $11,355,000 after purchasing an additional 211,303 shares in the last quarter. CenterBook Partners LP raised its holdings in Green Plains by 76.3% during the second quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock worth $7,027,000 after purchasing an additional 504,433 shares in the last quarter. Finally, Kailix Advisors LLC lifted its position in Green Plains by 41.4% in the third quarter. Kailix Advisors LLC now owns 1,155,323 shares of the specialty chemicals company’s stock worth $10,155,000 after purchasing an additional 338,000 shares during the period.

Green Plains Stock Down 1.5%

Green Plains stock opened at $11.69 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.68. Green Plains has a one year low of $3.14 and a one year high of $12.31. The company has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $9.68. The firm has a market capitalization of $816.31 million, a P/E ratio of -4.00, a P/E/G ratio of 1.36 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.48. Green Plains had a negative net margin of 8.37% and a negative return on equity of 16.78%. The firm had revenue of $508.49 million for the quarter, compared to the consensus estimate of $583.55 million. During the same period last year, the firm posted $0.69 EPS. Green Plains’s quarterly revenue was down 22.8% compared to the same quarter last year. As a group, equities analysts expect that Green Plains will post -0.5 earnings per share for the current year.

Green Plains Company Profile

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.