Green Plains Inc. (NASDAQ:GPRE) Receives Consensus Recommendation of “Hold” from Brokerages

Green Plains Inc. (NASDAQ:GPRE) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.93.

A number of analysts have commented on GPRE shares. UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Bank of America cut Green Plains from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $4.50 in a research report on Tuesday, April 15th. Wall Street Zen cut Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Finally, Truist Financial reaffirmed a “buy” rating and set a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th.

Green Plains Stock Down 5.0%

Green Plains stock opened at $4.21 on Monday. The business has a fifty day moving average price of $4.25 and a 200-day moving average price of $7.32. Green Plains has a 1-year low of $3.14 and a 1-year high of $18.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The stock has a market capitalization of $275.33 million, a price-to-earnings ratio of -3.10 and a beta of 1.19.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. During the same period in the prior year, the firm posted ($0.81) EPS. The business’s revenue was up .7% compared to the same quarter last year. Equities research analysts forecast that Green Plains will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Plains

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of 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 valued at $32,000 after buying an additional 2,717 shares during the period. Dauntless Investment Group LLC acquired a new position in shares of Green Plains in the 4th quarter valued at about $54,000. KBC Group NV raised its holdings in Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 3,320 shares during the period. Cape Investment Advisory Inc. raised its holdings in Green Plains by 340.6% in the 4th 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. Finally, Raiffeisen Bank International AG acquired a new position in Green Plains in the 4th quarter worth about $72,000.

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.