Green Plains (NASDAQ:GPRE) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Green Plains (NASDAQ:GPRE) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research report on Tuesday, April 21st. Zacks Research raised shares of Green Plains from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. BMO Capital Markets boosted their price objective on shares of Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Stephens boosted their price objective on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $20.00 price objective on shares of Green Plains in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.29.

Green Plains Trading Up 2.8%

NASDAQ:GPRE opened at $17.14 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.49. Green Plains has a 12 month low of $3.97 and a 12 month high of $18.94. The company has a market cap of $1.20 billion, a PE ratio of -51.94 and a beta of 1.24. The company has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $12.94.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.43. Green Plains had a negative net margin of 0.80% and a positive return on equity of 2.86%. The firm had revenue of $445.80 million during the quarter, compared to the consensus estimate of $532.53 million. During the same quarter in the previous year, the firm posted ($1.14) EPS. The company’s revenue for the quarter was down 25.9% compared to the same quarter last year. Research analysts forecast that Green Plains will post 2.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in Green Plains in the 3rd quarter worth $67,000. Marex Group plc purchased a new stake in Green Plains in the 4th quarter worth $98,000. Virtus Advisers LLC purchased a new stake in Green Plains in the 4th quarter worth $98,000. WINTON GROUP Ltd purchased a new stake in Green Plains in the 2nd quarter worth $61,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Green Plains in the 4th quarter worth $100,000.

About Green Plains

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.