Green Plains Inc. (NASDAQ:GPRE) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Green Plains Inc. (NASDAQ:GPRE - Get Free Report) have been given an average rating of "Moderate Buy" by the nine analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.50.

GPRE has been the topic of a number of recent analyst reports. Oppenheimer cut Green Plains from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 7th. BMO Capital Markets reduced their price objective on shares of Green Plains from $22.00 to $17.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 7th. Craig Hallum decreased their price target on Green Plains from $34.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. UBS Group lowered their price objective on Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a research report on Monday, August 19th. Finally, Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in Green Plains during the second quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Green Plains in the 2nd quarter worth about $41,000. nVerses Capital LLC purchased a new stake in Green Plains in the third quarter worth approximately $65,000. Crewe Advisors LLC bought a new position in Green Plains during the first quarter valued at approximately $150,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Green Plains during the third quarter worth approximately $153,000.

Green Plains Trading Up 7.4 %

NASDAQ:GPRE traded up $0.86 during mid-day trading on Thursday, hitting $12.50. 1,800,064 shares of the company's stock were exchanged, compared to its average volume of 1,090,143. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. Green Plains has a fifty-two week low of $10.74 and a fifty-two week high of $31.92. The company has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $15.76. The firm has a market capitalization of $808.19 million, a P/E ratio of -18.31 and a beta of 1.52.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The business had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same period in the prior year, the firm earned ($0.89) EPS. The business's revenue for the quarter was down 27.8% compared to the same quarter last year. As a group, research analysts expect that Green Plains will post -1.05 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.