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

Green Plains Inc. (NASDAQ:GPRE) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $23.31.

GPRE has been the topic of several research reports. Stephens raised Green Plains to a “hold” rating in a research report on Monday, December 2nd. BMO Capital Markets reduced their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Truist Financial reduced their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

Hedge Funds Weigh In On Green Plains

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Green Plains by 11.2% in the second quarter. The Manufacturers Life Insurance Company now owns 33,342 shares of the specialty chemicals company’s stock worth $529,000 after buying an additional 3,356 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Green Plains by 106.8% during the 3rd quarter. SG Americas Securities LLC now owns 35,991 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 18,588 shares during the last quarter. Inspire Investing LLC boosted its holdings in Green Plains by 39.2% in the third quarter. Inspire Investing LLC now owns 33,087 shares of the specialty chemicals company’s stock worth $448,000 after purchasing an additional 9,325 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Green Plains in the 3rd quarter worth $65,000. Finally, Inspire Advisors LLC bought a new stake in shares of Green Plains during the 3rd quarter valued at about $185,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $6.51 on Friday. The firm has a market capitalization of $420.87 million, a price-to-earnings ratio of -17.13, a PEG ratio of 3.69 and a beta of 1.44. The stock has a fifty day moving average of $9.66 and a 200 day moving average of $11.85. Green Plains has a 52 week low of $6.23 and a 52 week high of $24.84. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

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