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

Green Plains, Inc. (NASDAQ:GPRE) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.93.

A number of research firms have recently issued reports on GPRE. Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Bank of America cut Green Plains from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $4.50 in a research note on Tuesday, April 15th. Finally, BMO Capital Markets dropped their price objective on Green Plains from $8.00 to $7.00 and set a “market perform” rating on the stock in a research report on Monday, May 12th.

Institutional Investors Weigh In On Green Plains

A number of large investors have recently modified their holdings of the business. Broad Bay Capital Management LP boosted its stake in Green Plains by 16.1% in the 1st quarter. Broad Bay Capital Management LP now owns 2,566,086 shares of the specialty chemicals company’s stock worth $12,446,000 after purchasing an additional 355,685 shares in the last quarter. Federated Hermes Inc. purchased a new position in shares of Green Plains in the first quarter worth $8,860,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Green Plains by 13.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,590,954 shares of the specialty chemicals company’s stock worth $7,716,000 after buying an additional 189,478 shares during the period. Kailix Advisors LLC grew its holdings in shares of Green Plains by 15.3% during the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after buying an additional 174,519 shares during the last quarter. Finally, CenterBook Partners LP acquired a new position in shares of Green Plains in the 4th quarter valued at $10,940,000.

Green Plains Trading Down 0.5%

Shares of NASDAQ GPRE opened at $5.78 on Friday. Green Plains has a twelve month low of $3.14 and a twelve month high of $18.14. The firm has a market cap of $378.01 million, a PE ratio of -3.42 and a beta of 1.12. The business has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $6.46. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.37). Green Plains had a negative net margin of 4.22% and a negative return on equity of 12.76%. The firm had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. During the same quarter in the previous year, the firm earned ($0.81) earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Analysts expect that Green Plains will post -0.5 earnings per share for the current fiscal year.

Green Plains Company Profile

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.