Brokerages Set Green Plains Inc. (NASDAQ:GPRE) Price Target at $20.50

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.50.

Several analysts have recently weighed in on GPRE shares. Truist Financial reaffirmed a "buy" rating and issued a $12.00 target price (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. UBS Group downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $20.50 to $7.00 in a report on Tuesday. StockNews.com downgraded shares of Green Plains from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Stephens raised shares of Green Plains to a "hold" rating in a report on Monday, December 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, February 10th.

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Green Plains Stock Down 2.7 %

Shares of GPRE traded down $0.16 during midday trading on Wednesday, reaching $5.74. The stock had a trading volume of 2,005,341 shares, compared to its average volume of 1,189,554. Green Plains has a 1-year low of $4.87 and a 1-year high of $24.04. The company's fifty day simple moving average is $8.04 and its two-hundred day simple moving average is $10.60. The company has a market cap of $371.54 million, a price-to-earnings ratio of -4.22 and a beta of 1.55. 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 (NASDAQ:GPRE - Get Free Report) last announced its quarterly 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 11.88% and a negative net margin of 3.36%. During the same quarter last year, the business earned $0.13 EPS. Equities research analysts expect that Green Plains will post -0.5 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Green Plains by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock valued at $2,971,000 after buying an additional 8,750 shares during the last quarter. Barclays PLC raised its position in shares of Green Plains by 71.5% in the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock valued at $1,935,000 after buying an additional 59,564 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Green Plains by 16.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company's stock valued at $15,581,000 after buying an additional 159,147 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Green Plains in the third quarter valued at approximately $840,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Green Plains by 1,122.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock valued at $6,675,000 after buying an additional 646,507 shares during the last quarter.

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.