Analysts Set Green Plains Inc. (NASDAQ:GPRE) Target Price at $18.89

Shares of Green Plains Inc. (NASDAQ:GPRE - Get Free Report) have earned an average recommendation of "Hold" from the nine analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.89.

A number of research analysts have recently commented on GPRE shares. BMO Capital Markets lowered their target price on Green Plains from $13.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, February 10th. Truist Financial reissued a "buy" rating and set a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. UBS Group lowered shares of Green Plains from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. Jefferies Financial Group lowered shares of Green Plains from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Finally, StockNews.com downgraded shares of Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th.

Green Plains Trading Down 11.2 %

NASDAQ:GPRE traded down $0.56 during trading hours on Friday, hitting $4.45. The company had a trading volume of 356,809 shares, compared to its average volume of 1,318,517. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. Green Plains has a 52 week low of $4.41 and a 52 week high of $24.04. The company has a market capitalization of $288.04 million, a PE ratio of -3.27 and a beta of 1.55. The stock has a 50-day moving average price of $6.39 and a 200 day moving average price of $9.53.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities research analysts predict that Green Plains will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of Green Plains by 433.3% during the fourth 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 last quarter. Quest Partners LLC purchased a new stake in shares of Green Plains during the 3rd quarter valued at about $52,000. Dauntless Investment Group LLC bought a new stake in shares of Green Plains in the fourth quarter worth approximately $54,000. KBC Group NV raised its holdings in shares of Green Plains by 120.7% during the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company's stock valued at $58,000 after purchasing an additional 3,320 shares during the last quarter. Finally, Cape Investment Advisory Inc. lifted its position in Green Plains by 340.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock valued at $67,000 after purchasing an additional 5,450 shares during the period.

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.