Green Plains Inc. (NASDAQ:GPRE) Receives $26.78 Average Price Target from Analysts

Shares of Green Plains Inc. (NASDAQ:GPRE) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.28.

Several equities research analysts have issued reports on GPRE shares. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Bank of America lowered their price objective on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. UBS Group lowered their price target 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. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Finally, Roth Mkm lowered their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, May 6th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GPRE. Wolf Hill Capital Management LP raised its stake in shares of Green Plains by 3,036.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after acquiring an additional 1,697,784 shares in the last quarter. Vanguard Group Inc. increased its stake in Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after purchasing an additional 447,825 shares in the last quarter. Grizzlyrock Capital LLC acquired a new position in Green Plains during the 4th quarter valued at approximately $10,444,000. Kailix Advisors LLC increased its stake in Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after purchasing an additional 382,517 shares in the last quarter. Finally, Broad Bay Capital Management LP increased its stake in Green Plains by 17.6% during 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 purchasing an additional 352,000 shares in the last quarter.

Green Plains Stock Performance

Shares of NASDAQ:GPRE opened at $13.83 on Friday. The company has a market capitalization of $893.68 million, a price-to-earnings ratio of -11.24 and a beta of 1.58. Green Plains has a 12 month low of $12.77 and a 12 month high of $34.62. The firm’s 50-day moving average is $15.55 and its 200 day moving average is $18.99. 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 released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. Green Plains’s quarterly revenue was down 27.8% on a year-over-year basis. During the same period last year, the firm earned ($0.89) earnings per share. Research analysts predict that Green Plains will post -0.45 EPS for the current year.

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.