Green Plains (NASDAQ:GPRE) had its target price raised by stock analysts at Craig Hallum from $34.00 to $39.00 in a research note issued on Tuesday, The Fly reports. Craig Hallum’s price target points to a potential upside of 28.59% from the company’s previous close.

A number of other research analysts also recently issued reports on GPRE. Credit Suisse Group assumed coverage on Green Plains in a report on Thursday, April 29th. They set an “outperform” rating and a $44.00 price target on the stock. Truist upped their price target on Green Plains from $24.00 to $28.00 in a report on Wednesday, January 20th. BMO Capital Markets upped their price target on Green Plains from $29.00 to $36.00 in a report on Tuesday. Roth Capital lowered their price target on Green Plains from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Stephens raised Green Plains from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $30.00 to $39.00 in a report on Thursday, April 1st. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Green Plains currently has an average rating of “Buy” and an average price target of $32.00.

Shares of NASDAQ GPRE traded up $0.37 during trading on Tuesday, reaching $30.33. The company had a trading volume of 30,484 shares, compared to its average volume of 1,178,460. Green Plains has a 12-month low of $5.64 and a 12-month high of $31.80. The stock has a market cap of $1.35 billion, a PE ratio of -10.68 and a beta of 1.87. The business’s 50-day moving average is $26.89 and its 200 day moving average is $20.43. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.43.

Green Plains (NASDAQ:GPRE) last released its earnings results on Sunday, May 2nd. The specialty chemicals company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.14). Green Plains had a negative return on equity of 4.79% and a negative net margin of 4.51%. The company had revenue of $553.60 million during the quarter, compared to analysts’ expectations of $629.93 million. Green Plains’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, analysts anticipate that Green Plains will post -1.13 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Green Plains by 9.4% in the fourth quarter. BlackRock Inc. now owns 5,664,084 shares of the specialty chemicals company’s stock worth $74,596,000 after buying an additional 488,622 shares during the period. Victory Capital Management Inc. raised its stake in shares of Green Plains by 5,760.8% in the first quarter. Victory Capital Management Inc. now owns 1,257,380 shares of the specialty chemicals company’s stock worth $34,038,000 after buying an additional 1,235,926 shares during the period. Renaissance Technologies LLC raised its stake in shares of Green Plains by 6.2% in the fourth quarter. Renaissance Technologies LLC now owns 939,043 shares of the specialty chemicals company’s stock worth $12,367,000 after buying an additional 54,643 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Green Plains by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 796,743 shares of the specialty chemicals company’s stock worth $10,494,000 after buying an additional 5,386 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Green Plains by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 408,732 shares of the specialty chemicals company’s stock worth $5,384,000 after buying an additional 17,674 shares during the period. 99.93% of the stock is currently owned by hedge funds and other institutional investors.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Ingredients, and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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