Brokerages Set Green Plains, Inc. (NASDAQ:GPRE) PT at $10.00

Shares of Green Plains, Inc. (NASDAQ:GPRE) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $10.00.

A number of brokerages have weighed in on GPRE. Oppenheimer set a $15.00 target price on shares of Green Plains and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a research note on Thursday, January 22nd. Bank of America raised their price objective on shares of Green Plains from $7.00 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, October 14th. Roth Mkm cut shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Green Plains Stock Performance

NASDAQ:GPRE opened at $11.46 on Friday. The company has a market capitalization of $800.25 million, a P/E ratio of -3.92, a P/E/G ratio of 1.50 and a beta of 1.44. The business has a fifty day simple moving average of $10.40 and a two-hundred day simple moving average of $9.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.68 and a quick ratio of 1.20. Green Plains has a 1 year low of $3.14 and a 1 year high of $12.31.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.48. Green Plains had a negative return on equity of 16.78% and a negative net margin of 8.37%.The company had revenue of $508.49 million during the quarter, compared to the consensus estimate of $583.55 million. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was down 22.8% compared to the same quarter last year. On average, analysts expect that Green Plains will post -0.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GPRE. AQR Capital Management LLC lifted its holdings in shares of Green Plains by 62.5% in the first quarter. AQR Capital Management LLC now owns 152,731 shares of the specialty chemicals company’s stock worth $741,000 after buying an additional 58,767 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Green Plains by 69.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 559,216 shares of the specialty chemicals company’s stock worth $2,712,000 after purchasing an additional 229,353 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Green Plains in the 2nd quarter valued at $96,000. Public Employees Retirement System of Ohio grew its position in shares of Green Plains by 46.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 1,838 shares in the last quarter. Finally, CWM LLC grew its position in shares of Green Plains by 131.7% during the 2nd quarter. CWM LLC now owns 13,352 shares of the specialty chemicals company’s stock valued at $81,000 after purchasing an additional 7,590 shares in the last quarter.

About Green Plains

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.