Green Plains Inc. (NASDAQ:GPRE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.50.

Several research firms recently weighed in on GPRE. BMO Capital Markets cut their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. UBS Group cut 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. Craig Hallum cut their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in Green Plains during the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Green Plains during the 2nd quarter worth approximately $41,000. nVerses Capital LLC acquired a new position in Green Plains during the 3rd quarter worth approximately $65,000. Crewe Advisors LLC acquired a new position in Green Plains during the 1st quarter worth approximately $150,000. Finally, Everence Capital Management Inc. acquired a new position in Green Plains during the 3rd quarter worth approximately $153,000.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $11.64 on Thursday. The firm has a market cap of $752.17 million, a P/E ratio of -9.46 and a beta of 1.52. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. Green Plains has a 1-year low of $10.74 and a 1-year high of $31.92. The business’s 50 day moving average is $12.93 and its 200-day moving average is $15.79.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The company had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. Green Plains’s revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.89) EPS. Equities research analysts predict that Green Plains will post -1.05 earnings per share for the current year.

About Green Plains

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.