Green Plains, Inc. (NASDAQ:GPRE) Given Average Recommendation of "Hold" by Brokerages

Green Plains, Inc. (NASDAQ:GPRE - Get Free Report) has received a consensus rating of "Hold" from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.93.

A number of research firms have weighed in on GPRE. Bank of America cut Green Plains from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $10.00 to $4.50 in a research report on Tuesday, April 15th. BMO Capital Markets reduced their price objective on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a research report on Monday, May 12th.

Hedge Funds Weigh In On Green Plains

Several hedge funds have recently bought and sold shares of the stock. Broad Bay Capital Management LP increased its position in Green Plains by 16.1% during the first quarter. Broad Bay Capital Management LP now owns 2,566,086 shares of the specialty chemicals company's stock worth $12,446,000 after buying an additional 355,685 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Green Plains during the first quarter worth $8,860,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Green Plains by 13.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,590,954 shares of the specialty chemicals company's stock worth $7,716,000 after purchasing an additional 189,478 shares during the last quarter. Kailix Advisors LLC boosted its holdings in shares of Green Plains by 15.3% during the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company's stock worth $12,484,000 after purchasing an additional 174,519 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Green Plains during the fourth quarter worth $10,940,000.

Green Plains Stock Up 4.6%

Shares of GPRE traded up $0.35 during mid-day trading on Tuesday, reaching $8.01. The company's stock had a trading volume of 2,360,260 shares, compared to its average volume of 1,504,058. The stock has a market cap of $523.85 million, a PE ratio of -4.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.38 and a quick ratio of 0.81. Green Plains has a 12-month low of $3.14 and a 12-month high of $18.14. The company's 50 day moving average is $5.18 and its 200 day moving average is $6.00.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative net margin of 4.22% and a negative return on equity of 12.76%. The firm had revenue of $601.52 million during the quarter, compared to analyst estimates of $605.62 million. During the same period last year, the company earned ($0.81) earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts anticipate that Green Plains will post -0.5 EPS for the current fiscal year.

Green Plains Company Profile

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.