Green Plains Inc. (NASDAQ:GPRE) Receives $24.44 Average Target Price from Brokerages

Green Plains Inc. (NASDAQ:GPRE) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.31.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday. Stephens raised shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. Truist Financial dropped their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp lifted its stake in Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 2,717 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Green Plains in the 3rd quarter valued at about $52,000. KBC Group NV increased its holdings in shares of Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 3,320 shares during the period. nVerses Capital LLC purchased a new stake in shares of Green Plains in the third quarter worth approximately $65,000. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of Green Plains by 340.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after purchasing an additional 5,450 shares during the period.

Green Plains Stock Up 0.5 %

Shares of Green Plains stock opened at $6.23 on Friday. Green Plains has a 52-week low of $5.98 and a 52-week high of $24.21. The company has a 50 day moving average of $9.48 and a 200 day moving average of $11.69. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $402.77 million, a P/E ratio of -16.39, a P/E/G ratio of 3.69 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, research analysts forecast that Green Plains will post -1.02 EPS for the current fiscal 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.