Green Plains Inc. (NASDAQ:GPRE) Receives $29.33 Consensus Target Price from Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $29.33.

A number of research analysts recently commented on GPRE shares. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. BMO Capital Markets dropped their target price on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a research report on Monday, May 6th. Stephens reiterated an “equal weight” rating and set a $24.00 price target on shares of Green Plains in a research report on Tuesday, May 7th. Craig Hallum cut their target price on Green Plains from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, Bank of America decreased their price target on Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th.

Green Plains Stock Down 0.2 %

GPRE stock opened at $17.55 on Tuesday. The business’s 50 day simple moving average is $16.45 and its 200 day simple moving average is $19.70. Green Plains has a 1-year low of $14.35 and a 1-year high of $36.02. The firm has a market capitalization of $1.13 billion, a PE ratio of -14.27 and a beta of 1.58. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The firm had revenue of $597.20 million for the quarter, compared to analyst estimates of $654.40 million. During the same period in the prior year, the business posted ($1.20) EPS. The firm’s quarterly revenue was down 28.3% compared to the same quarter last year. As a group, research analysts anticipate that Green Plains will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Green Plains

A number of institutional investors have recently modified their holdings of GPRE. Wolf Hill Capital Management LP raised its holdings in Green Plains by 3,036.9% during the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after buying an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Green Plains by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after acquiring an additional 447,825 shares in the last quarter. Grizzlyrock Capital LLC acquired a new stake in shares of Green Plains in the 4th quarter worth about $10,444,000. Broad Bay Capital Management LP lifted its position in Green Plains by 17.6% in the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after acquiring an additional 352,000 shares in the last quarter. Finally, Clifford Capital Partners LLC bought a new position in Green Plains in the 1st quarter valued at about $7,688,000.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.