Brokerages Set Green Plains Inc. (NASDAQ:GPRE) PT at $36.60

Shares of Green Plains Inc. (NASDAQ:GPREGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $36.60.

A number of research analysts have recently weighed in on GPRE shares. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. The Goldman Sachs Group cut their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Truist Financial cut their price objective on Green Plains from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd.

Read Our Latest Research Report on Green Plains

Green Plains Trading Up 0.2 %

Shares of NASDAQ:GPRE opened at $20.77 on Tuesday. The business’s 50-day moving average is $23.65 and its 200 day moving average is $28.08. Green Plains has a 1 year low of $19.68 and a 1 year high of $37.49. The firm has a market capitalization of $1.24 billion, a P/E ratio of -8.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.37.

Green Plains (NASDAQ:GPREGet Free Report) last announced its earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.40. The company had revenue of $892.80 million for the quarter, compared to analyst estimates of $815.31 million. Green Plains had a negative return on equity of 14.15% and a negative net margin of 3.98%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.27) EPS. On average, research analysts predict that Green Plains will post -1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Todd A. Becker bought 5,419 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $23.08 per share, with a total value of $125,070.52. Following the completion of the acquisition, the chief executive officer now directly owns 695,386 shares in the company, valued at $16,049,508.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James D. Anderson bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $23.20 per share, with a total value of $58,000.00. Following the completion of the acquisition, the director now directly owns 118,906 shares in the company, valued at $2,758,619.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd A. Becker bought 5,419 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $23.08 per share, for a total transaction of $125,070.52. Following the completion of the acquisition, the chief executive officer now owns 695,386 shares of the company’s stock, valued at $16,049,508.88. The disclosure for this purchase can be found here. Insiders have purchased a total of 8,879 shares of company stock valued at $206,763 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently bought and sold shares of GPRE. State Street Corp boosted its position in Green Plains by 31.9% during the first quarter. State Street Corp now owns 4,181,086 shares of the specialty chemicals company’s stock worth $129,655,000 after purchasing an additional 1,011,642 shares in the last quarter. Wolf Hill Capital Management LP boosted its position in Green Plains by 27.4% during the first quarter. Wolf Hill Capital Management LP now owns 2,834,587 shares of the specialty chemicals company’s stock worth $87,844,000 after purchasing an additional 610,079 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Green Plains by 11.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock worth $164,945,000 after purchasing an additional 584,257 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Green Plains during the second quarter worth approximately $13,967,000. Finally, Victory Capital Management Inc. boosted its position in Green Plains by 28.7% during the second quarter. Victory Capital Management Inc. now owns 1,430,056 shares of the specialty chemicals company’s stock worth $46,105,000 after purchasing an additional 318,631 shares in the last quarter.

About Green Plains

(Get Free Report

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.

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