Green Plains Inc. (NASDAQ:GPRE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE) have received a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.50.

A number of equities research analysts recently commented on the stock. UBS Group decreased their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Truist Financial lowered their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets reduced their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Craig Hallum lowered their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th.

Green Plains Stock Down 8.1 %

Green Plains stock opened at $11.83 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The firm has a market cap of $764.81 million, a P/E ratio of -31.13 and a beta of 1.53. The business has a fifty day moving average of $12.74 and a two-hundred day moving average of $15.45. Green Plains has a twelve month low of $10.74 and a twelve month high of $28.50.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The company had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. Green Plains’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.89) EPS. On average, analysts forecast that Green Plains will post -0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Green Plains

Several hedge funds have recently added to or reduced their stakes in GPRE. Point72 Hong Kong Ltd purchased a new position in shares of Green Plains during the 2nd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Green Plains during the 2nd quarter worth approximately $41,000. nVerses Capital LLC purchased a new position in shares of Green Plains during the 3rd quarter valued at approximately $65,000. Crewe Advisors LLC acquired a new position in shares of Green Plains in the 1st quarter valued at $150,000. Finally, DRW Securities LLC purchased a new stake in Green Plains during the second quarter worth $168,000.

About Green Plains

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.