Brokerages Set Green Plains Inc. (NASDAQ:GPRE) PT at $20.50

Green Plains Inc. (NASDAQ:GPRE) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.50.

A number of equities research analysts have recently commented on GPRE shares. Truist Financial reaffirmed a “buy” rating and set a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. UBS Group lowered Green Plains from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. BMO Capital Markets dropped their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, February 10th. Finally, Stephens raised Green Plains to a “hold” rating in a research report on Monday, December 2nd.

Green Plains Price Performance

Shares of GPRE opened at $5.74 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Green Plains has a 1 year low of $4.87 and a 1 year high of $24.04. The stock has a market cap of $371.54 million, a P/E ratio of -4.22 and a beta of 1.55. The stock’s 50-day moving average price is $8.04 and its two-hundred day moving average price is $10.55.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same period in the prior year, the firm posted $0.13 EPS. On average, equities analysts predict that Green Plains will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

A number of hedge funds and other institutional investors have recently bought and sold shares of GPRE. GF Fund Management CO. LTD. acquired a new position in shares of Green Plains during the 4th quarter worth approximately $194,000. Public Employees Retirement System of Ohio increased its position in shares of Green Plains by 2,171.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 45,548 shares of the specialty chemicals company’s stock worth $432,000 after purchasing an additional 43,543 shares during the last quarter. GTS Securities LLC increased its position in shares of Green Plains by 43.6% during the 4th quarter. GTS Securities LLC now owns 19,817 shares of the specialty chemicals company’s stock worth $188,000 after purchasing an additional 6,017 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Green Plains during the 4th quarter worth approximately $312,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Green Plains by 69.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 329,863 shares of the specialty chemicals company’s stock worth $3,127,000 after purchasing an additional 135,719 shares during the last quarter.

About Green Plains

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.