Analysts Set Green Plains Inc. (NASDAQ:GPRE) Price Target at $20.50

Shares of Green Plains Inc. (NASDAQ:GPRE) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.89.

Several analysts have issued reports on GPRE shares. BMO Capital Markets decreased their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. UBS Group lowered Green Plains from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $6.00 in a report on Tuesday. Truist Financial reiterated a “buy” rating and issued a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd.

Green Plains Stock Performance

NASDAQ:GPRE opened at $5.12 on Wednesday. The firm has a market capitalization of $331.41 million, a PE ratio of -3.76 and a beta of 1.55. The stock’s fifty day moving average is $7.88 and its 200 day moving average is $10.43. Green Plains has a fifty-two week low of $4.78 and a fifty-two week high of $24.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, sell-side analysts anticipate that Green Plains will post -0.5 earnings per share for the current year.

Institutional Trading of Green Plains

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its position in Green Plains by 2.9% during the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after purchasing an additional 111,501 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Green Plains by 21.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock valued at $13,286,000 after purchasing an additional 250,738 shares in the last quarter. Kailix Advisors LLC increased its holdings in Green Plains by 15.3% during the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after buying an additional 174,519 shares during the period. CenterBook Partners LP bought a new position in Green Plains in the fourth quarter worth approximately $10,940,000. Finally, Invesco Ltd. lifted its holdings in Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after buying an additional 488,870 shares during the period.

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.