Green Plains, Inc. (NASDAQ:GPRE) Receives $10.00 Consensus Price Target from Brokerages

Green Plains, Inc. (NASDAQ:GPRE) has earned an average rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.00.

GPRE has been the subject of a number of research analyst reports. Bank of America raised their price target on shares of Green Plains from $7.00 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, October 14th. Oppenheimer set a $15.00 target price on Green Plains and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Tudor, Pickering, Holt & Co. raised Green Plains from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research note on Thursday. Finally, Tudor Pickering upgraded Green Plains from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $11.52 on Friday. Green Plains has a fifty-two week low of $3.14 and a fifty-two week high of $12.31. The company has a market cap of $804.44 million, a PE ratio of -3.95, a P/E/G ratio of 1.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.68. The business has a 50-day simple moving average of $10.26 and a two-hundred day simple moving average of $9.74.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.48. The firm had revenue of $508.49 million for the quarter, compared to the consensus estimate of $583.55 million. Green Plains had a negative net margin of 8.37% and a negative return on equity of 16.78%. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, equities analysts expect that Green Plains will post -0.5 EPS for the current fiscal year.

Institutional Trading of Green Plains

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Green Plains by 6.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,936 shares of the specialty chemicals company’s stock valued at $175,000 after acquiring an additional 1,128 shares during the last quarter. Rhumbline Advisers lifted its position in Green Plains by 1.3% during the second quarter. Rhumbline Advisers now owns 100,159 shares of the specialty chemicals company’s stock valued at $604,000 after purchasing an additional 1,246 shares during the period. WealthPlan Investment Management LLC lifted its position in Green Plains by 15.0% during the second quarter. WealthPlan Investment Management LLC now owns 11,666 shares of the specialty chemicals company’s stock valued at $70,000 after purchasing an additional 1,519 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Green Plains by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 1,619 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Green Plains by 46.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 1,838 shares during the period.

Green Plains Company Profile

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.