Green Plains (NASDAQ:GPRE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Green Plains (NASDAQ:GPRE) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

A number of other equities analysts have also weighed in on GPRE. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research report on Friday, July 17th. UBS Group raised their price target on shares of Green Plains from $12.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Stephens lifted their price target on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. BMO Capital Markets reissued a “market perform” rating on shares of Green Plains in a report on Friday. Finally, Zacks Research downgraded shares of Green Plains from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.43.

Green Plains Stock Up 3.0%

GPRE stock opened at $15.09 on Friday. Green Plains has a 1-year low of $7.53 and a 1-year high of $19.65. The business has a fifty day moving average price of $15.92 and a 200-day moving average price of $15.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.58. The stock has a market capitalization of $1.06 billion, a P/E ratio of 9.49 and a beta of 1.17.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The firm had revenue of $446.22 million for the quarter, compared to the consensus estimate of $542.38 million. During the same period in the prior year, the company posted ($1.09) earnings per share. Equities analysts forecast that Green Plains will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Green Plains during the 3rd quarter valued at about $67,000. Marex Group plc bought a new position in shares of Green Plains in the 4th quarter worth approximately $98,000. Virtus Advisers LLC bought a new position in shares of Green Plains in the 4th quarter worth approximately $98,000. WINTON GROUP Ltd purchased a new position in shares of Green Plains in the second quarter worth approximately $61,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Green Plains in the fourth quarter worth approximately $100,000.

About Green Plains

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.