Green Plains (NASDAQ:GPRE) Price Target Raised to $20.00

Green Plains (NASDAQ:GPREFree Report) had its price objective upped by UBS Group from $12.00 to $20.00 in a report published on Friday, MarketBeat Ratings reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of Green Plains from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday, March 25th. Zacks Research cut Green Plains from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research note on Tuesday, April 21st. Oppenheimer reiterated an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Finally, Stephens upped their price objective on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.43.

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Green Plains Price Performance

Shares of NASDAQ GPRE opened at $19.23 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.71 and a quick ratio of 1.27. Green Plains has a fifty-two week low of $7.07 and a fifty-two week high of $19.65. The stock has a market capitalization of $1.35 billion, a PE ratio of -58.27 and a beta of 1.19. The business has a fifty day moving average price of $15.79 and a two-hundred day moving average price of $14.76.

Green Plains (NASDAQ:GPREGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.43. The business had revenue of $445.80 million during the quarter, compared to the consensus estimate of $532.53 million. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.Green Plains’s revenue for the quarter was down 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.14) earnings per share. As a group, equities analysts predict that Green Plains will post 2.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Green Plains

Several large investors have recently modified their holdings of the stock. MetLife Investment Management LLC lifted its position in Green Plains by 3.3% in the 4th quarter. MetLife Investment Management LLC now owns 34,606 shares of the specialty chemicals company’s stock worth $339,000 after buying an additional 1,095 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in 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 worth $175,000 after acquiring an additional 1,128 shares during the last quarter. Rhumbline Advisers increased its holdings in Green Plains by 1.3% during the 2nd 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. ProShare Advisors LLC increased its stake in shares of Green Plains by 11.7% during the fourth quarter. ProShare Advisors LLC now owns 12,275 shares of the specialty chemicals company’s stock valued at $120,000 after buying an additional 1,290 shares during the period. Finally, Quarry LP increased its position in Green Plains by 22.9% during the 4th quarter. Quarry LP now owns 9,304 shares of the specialty chemicals company’s stock valued at $91,000 after purchasing an additional 1,736 shares during the period.

Green Plains Company Profile

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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.

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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