Green Plains (NASDAQ:GPRE – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.
GPRE has been the topic of several other reports. BMO Capital Markets upped their target price on Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. UBS Group increased their price target on Green Plains from $7.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Stephens increased their price target on Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen upgraded Green Plains from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Green Plains has an average rating of “Hold” and a consensus target price of $14.29.
Check Out Our Latest Report on GPRE
Green Plains Stock Performance
Green Plains (NASDAQ:GPRE – Get Free Report) last announced its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.43. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The business had revenue of $445.80 million for the quarter, compared to analysts’ expectations of $532.53 million. During the same period in the prior year, the business posted ($1.14) earnings per share. The firm’s revenue was down 25.9% on a year-over-year basis. As a group, research analysts forecast that Green Plains will post 2.1 earnings per share for the current year.
Hedge Funds Weigh In On Green Plains
Institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in shares of Green Plains during the second quarter worth approximately $61,000. Quarry LP acquired a new position in shares of Green Plains during the third quarter worth approximately $67,000. Aquatic Capital Management LLC acquired a new position in shares of Green Plains during the third quarter worth approximately $95,000. Marex Group plc acquired a new position in shares of Green Plains during the fourth quarter worth approximately $98,000. Finally, Virtus Advisers LLC acquired a new position in shares of Green Plains during the fourth quarter worth approximately $98,000.
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.
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