Green Plains, Inc. (NASDAQ:GPRE) Stock Now Rated “Hold” by Wall Street Brokerages

Green Plains, Inc. (NASDAQ:GPRE – Get Free Report) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.67.

A number of equities analysts have issued reports on the company. Zacks Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. UBS Group reaffirmed a “neutral” rating on shares of Green Plains in a research report on Tuesday, August 25th. BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Green Plains from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd.

View Our Latest Stock Analysis on Green Plains

Hedge Funds Weigh In On Green Plains

A number of institutional investors and hedge funds have recently made changes to their positions in GPRE. BlackRock Inc. bought a new stake in shares of Green Plains in the 2nd quarter worth approximately $156,703,000. BNP Paribas Financial Markets raised its stake in Green Plains by 112.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after buying an additional 966,069 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Green Plains by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,643,651 shares of the specialty chemicals company’s stock valued at $27,039,000 after buying an additional 145,741 shares during the last quarter. Thomist Capital Management LP purchased a new position in Green Plains during the second quarter valued at $19,542,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Green Plains by 155.5% in the first quarter. Assenagon Asset Management S.A. now owns 1,114,743 shares of the specialty chemicals company’s stock worth $18,338,000 after acquiring an additional 678,515 shares in the last quarter.

Green Plains Stock Performance

Green Plains stock opened at $15.34 on Thursday. Green Plains has a fifty-two week low of $8.93 and a fifty-two week high of $19.65. The stock’s 50 day simple moving average is $15.34 and its two-hundred day simple moving average is $15.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.65 and a beta of 1.15.

Green Plains (NASDAQ:GPRE – Get Free Report) last announced its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.29. The firm had revenue of $446.22 million during the quarter, compared to analyst estimates of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.During the same quarter in the prior year, the company earned ($1.09) EPS. As a group, analysts expect that Green Plains will post 2.04 earnings per share for the current fiscal year.

About Green Plains

(Get Free Report)

Green Plains Inc is a biorefining company headquartered in Omaha, Nebraska. Founded in 2006, the company develops and operates renewable-fuel and ingredient production facilities that process corn into ethanol and other value-added products.

Its principal products include low-carbon renewable ethanol, renewable corn oil, distillers grains and other feed ingredients used in livestock and aquaculture markets. Green Plains has also developed higher-protein feed products and technologies designed to improve the efficiency and environmental performance of its biorefineries.

The company operates facilities primarily in the U.S.

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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