Green Plains, Inc. (NASDAQ:GPRE) Receives Average Rating of “Hold” from Analysts

Green Plains, Inc. (NASDAQ:GPRE) has earned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.00.

Several research firms recently weighed in on GPRE. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a research note on Wednesday, October 8th. Tudor Pickering raised shares of Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Bank of America boosted their price objective on shares of Green Plains from $7.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Roth Capital lowered shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Thursday, November 6th.

Green Plains Price Performance

Green Plains stock opened at $9.89 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $9.96 and a 200-day simple moving average of $9.25. The stock has a market cap of $690.62 million, a P/E ratio of -3.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44. Green Plains has a 12-month low of $3.14 and a 12-month high of $12.31.

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

Institutional Trading of Green Plains

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Green Plains by 192.2% in the third quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 2,991 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Green Plains by 46.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 1,838 shares during the period. Quarry LP purchased a new stake in Green Plains in the 3rd quarter valued at $67,000. AlphaQuest LLC boosted its stake in Green Plains by 115.2% during the 1st quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 4,808 shares during the period. Finally, Adamsbrown Wealth Consultants LLC acquired a new stake in Green Plains during the 2nd quarter worth $60,000.

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.