Green Plains (NASDAQ:GPRE) Upgraded at Zacks Research

Zacks Research upgraded shares of Green Plains (NASDAQ:GPRE) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on GPRE. Oppenheimer upped their price target on shares of Green Plains from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Wall Street Zen raised shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Stephens upgraded Green Plains from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $10.00 to $17.00 in a research report on Monday, February 9th. UBS Group upped their target price on Green Plains from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets increased their target price on Green Plains from $12.00 to $14.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.14.

Green Plains Trading Up 3.3%

Shares of GPRE stock opened at $15.72 on Monday. The stock has a market cap of $1.10 billion, a P/E ratio of -8.32, a P/E/G ratio of 0.70 and a beta of 1.46. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 0.47. Green Plains has a fifty-two week low of $3.14 and a fifty-two week high of $16.35. The business has a fifty day simple moving average of $12.74 and a 200-day simple moving average of $10.99.

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

Hedge Funds Weigh In On Green Plains

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in Green Plains by 192.2% in the 3rd quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 2,991 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Green Plains by 19.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 1,619 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Green Plains during the 2nd quarter worth about $61,000. Quarry LP acquired a new stake in shares of Green Plains in the third quarter worth approximately $67,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Green Plains in the second quarter worth approximately $75,000.

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.