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

Shares of Green Plains, Inc. (NASDAQ:GPRE) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.25.

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a research report on Thursday, January 22nd. Roth Mkm downgraded Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Thursday, November 6th. BMO Capital Markets upped their target price on Green Plains from $12.00 to $14.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Zacks Research cut Green Plains from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Oppenheimer boosted their price target on Green Plains from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, February 6th.

Institutional Investors Weigh In On Green Plains

Several hedge funds and other institutional investors have recently bought and sold shares of GPRE. GAMMA Investing LLC boosted its position in shares of Green Plains by 192.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 2,991 shares in the last quarter. Quarry LP acquired a new position in Green Plains during the 3rd quarter worth approximately $67,000. Marex Group plc bought a new position in Green Plains in the fourth quarter worth approximately $98,000. Virtus Advisers LLC bought a new position in Green Plains in the fourth quarter worth approximately $98,000. Finally, WINTON GROUP Ltd acquired a new stake in Green Plains in the second quarter valued at approximately $61,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $13.18 on Wednesday. The stock has a market capitalization of $920.49 million, a PE ratio of -6.97, a PEG ratio of 1.19 and a beta of 1.54. The business’s 50 day simple moving average is $11.23 and its 200 day simple moving average is $10.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 1.24. Green Plains has a one year low of $3.14 and a one year high of $15.64.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. The firm had revenue of $428.85 million for the quarter, compared to the consensus estimate of $536.56 million. During the same quarter in the previous year, the company earned ($0.86) EPS. The company’s revenue for the quarter was down 26.6% on a year-over-year basis. As a group, research analysts forecast that Green Plains will post -0.5 earnings per share for the current 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.