Green Plains Inc. (NASDAQ:GPRE) Receives $25.50 Consensus Price Target from Analysts

Shares of Green Plains Inc. (NASDAQ:GPRE) have received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $25.50.

Several research analysts recently weighed in on GPRE shares. Craig Hallum decreased their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets reduced their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. UBS Group reduced their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Finally, Truist Financial reduced their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th.

Institutional Investors Weigh In On Green Plains

A number of hedge funds and other institutional investors have recently made changes to their positions in GPRE. Vanguard Group Inc. raised its stake in shares of Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after purchasing an additional 447,825 shares in the last quarter. Kailix Advisors LLC raised its stake in shares of Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares in the last quarter. Lumbard & Kellner LLC purchased a new stake in shares of Green Plains during the 2nd quarter worth about $4,685,000. American Century Companies Inc. raised its stake in shares of Green Plains by 287.6% during the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock worth $5,275,000 after purchasing an additional 246,773 shares in the last quarter. Finally, Wolf Hill Capital Management LP raised its stake in shares of Green Plains by 13.7% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock worth $31,633,000 after purchasing an additional 240,849 shares in the last quarter.

Green Plains Trading Up 1.4 %

Shares of GPRE stock opened at $10.82 on Monday. The stock has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $14.43. Green Plains has a fifty-two week low of $10.36 and a fifty-two week high of $28.50. The stock has a market capitalization of $699.51 million, a P/E ratio of -28.47 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

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.