Analysts Set Green Plains Inc. (NASDAQ:GPRE) Price Target at $18.89

Shares of Green Plains Inc. (NASDAQ:GPRE) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.89.

Several research analysts recently issued reports on the company. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and decreased their price target for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th. BMO Capital Markets reduced their price objective on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. Truist Financial reiterated a “buy” rating and set a $12.00 target price (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th.

Institutional Investors Weigh In On Green Plains

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPRE. State Street Corp boosted its position in Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after purchasing an additional 111,501 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Green Plains by 21.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock worth $13,286,000 after buying an additional 250,738 shares during the period. Kailix Advisors LLC grew its stake in Green Plains by 15.3% in the 4th quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after buying an additional 174,519 shares in the last quarter. CenterBook Partners LP bought a new stake in Green Plains during the 4th quarter valued at $10,940,000. Finally, Invesco Ltd. lifted its position in shares of Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after acquiring an additional 488,870 shares in the last quarter.

Green Plains Stock Performance

Shares of GPRE stock opened at $4.85 on Friday. The firm has a 50 day moving average of $6.47 and a 200-day moving average of $9.56. The company has a market cap of $313.94 million, a price-to-earnings ratio of -3.57 and a beta of 1.55. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. Green Plains has a 52 week low of $4.62 and a 52 week high of $24.04.

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 the consensus estimate 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 quarter in the prior year, the business earned $0.13 EPS. On average, equities analysts forecast that Green Plains will post -0.5 earnings per share for the current year.

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.