Brokerages Set Green Plains Inc. (NASDAQ:GPRE) Target Price at $26.28

Shares of Green Plains Inc. (NASDAQ:GPRE) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.28.

Several research analysts recently commented on GPRE shares. Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. BMO Capital Markets cut their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. UBS Group lowered their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Truist Financial reaffirmed a “buy” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th. Finally, Craig Hallum reduced their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On Green Plains

Several institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in Green Plains during the second quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Green Plains during the 2nd quarter worth approximately $41,000. Crewe Advisors LLC bought a new position in shares of Green Plains during the 1st quarter worth approximately $150,000. DRW Securities LLC acquired a new stake in Green Plains in the 2nd quarter valued at $168,000. Finally, Equitable Trust Co. bought a new stake in Green Plains in the second quarter valued at $191,000.

Green Plains Stock Performance

Shares of NASDAQ GPRE opened at $13.23 on Friday. The business’s 50-day simple moving average is $13.77 and its 200-day simple moving average is $16.93. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. Green Plains has a 52 week low of $11.63 and a 52 week high of $31.92. The firm has a market cap of $854.91 million, a price-to-earnings ratio of -10.76 and a beta of 1.52.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The company had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. During the same quarter last year, the business earned ($0.89) EPS. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. As a group, equities research analysts expect that Green Plains will post -0.95 earnings per share 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.