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

Green Plains Inc. (NASDAQ:GPRE) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.89.

A number of research analysts have recently commented on GPRE shares. Jefferies Financial Group cut shares of Green Plains from a “buy” rating to a “hold” rating and reduced their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. UBS Group lowered shares of Green Plains from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. BMO Capital Markets lowered their target price on 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. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Finally, Truist Financial reissued a “buy” rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Green Plains by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company’s stock worth $2,971,000 after purchasing an additional 8,750 shares during the last quarter. Barclays PLC raised its holdings in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after purchasing an additional 59,564 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock valued at $15,581,000 after buying an additional 159,147 shares during the period. Amundi grew its position in shares of Green Plains by 50.5% during the 4th quarter. Amundi now owns 87,231 shares of the specialty chemicals company’s stock valued at $872,000 after buying an additional 29,262 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Green Plains during the third quarter worth about $840,000.

Green Plains Stock Down 10.0 %

Shares of NASDAQ GPRE opened at $4.86 on Friday. The stock has a fifty day moving average price of $6.68 and a 200 day moving average price of $9.69. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Green Plains has a 12-month low of $4.74 and a 12-month high of $24.04. The company has a market cap of $314.58 million, a P/E ratio of -3.57 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS 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 period in the previous year, the company earned $0.13 EPS. Research analysts anticipate that Green Plains will post -0.5 EPS for the current fiscal year.

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.