Green Plains, Inc. (NASDAQ:GPRE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Green Plains, Inc. (NASDAQ:GPRE) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.80.

Several research firms have weighed in on GPRE. Bank of America reaffirmed an “underperform” rating and issued a $7.00 price target (up from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. BMO Capital Markets reduced their price objective on shares of Green Plains from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Monday, May 12th. Finally, Zacks Research upgraded shares of Green Plains to a “hold” rating in a report on Monday, August 11th.

Green Plains Trading Up 7.4%

GPRE opened at $10.11 on Wednesday. Green Plains has a 1-year low of $3.14 and a 1-year high of $14.67. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.58. The company has a market cap of $662.86 million, a P/E ratio of -4.21 and a beta of 1.18. The company has a fifty day moving average price of $7.60 and a two-hundred day moving average price of $5.74.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The company had revenue of $552.83 million during the quarter, compared to the consensus estimate of $578.18 million. During the same period last year, the firm posted ($0.38) earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. Analysts predict that Green Plains will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new position in shares of Green Plains during the second quarter valued at about $391,000. Snowden Capital Advisors LLC grew its holdings in shares of Green Plains by 173.5% during the second quarter. Snowden Capital Advisors LLC now owns 49,097 shares of the specialty chemicals company’s stock valued at $296,000 after buying an additional 31,144 shares during the last quarter. Grizzlyrock Capital LLC grew its holdings in shares of Green Plains by 3.2% during the second quarter. Grizzlyrock Capital LLC now owns 559,082 shares of the specialty chemicals company’s stock valued at $3,371,000 after buying an additional 17,100 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Green Plains by 312.4% during the second quarter. BNP Paribas Financial Markets now owns 477,680 shares of the specialty chemicals company’s stock valued at $2,880,000 after buying an additional 361,839 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Green Plains by 25.9% during the second quarter. Bank of America Corp DE now owns 950,113 shares of the specialty chemicals company’s stock valued at $5,729,000 after buying an additional 195,556 shares during the last quarter.

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.