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

Green Plains, Inc. (NASDAQ:GPRE - Get Free Report) has earned an average recommendation of "Hold" from the eight research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.93.

Several analysts recently weighed in on the company. BMO Capital Markets reduced their price objective on Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research note on Monday, May 12th. Jefferies Financial Group lowered Green Plains from a "buy" rating to a "hold" rating and reduced their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. Finally, Bank of America lowered Green Plains from a "buy" rating to a "neutral" rating and cut their price target for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th.

Green Plains Stock Up 0.3%

GPRE stock opened at $7.00 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.38 and a quick ratio of 0.81. The stock has a market capitalization of $457.79 million, a price-to-earnings ratio of -4.14 and a beta of 1.22. The business's fifty day moving average price is $4.87 and its two-hundred day moving average price is $6.00. Green Plains has a fifty-two week low of $3.14 and a fifty-two week high of $18.14.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. The company had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. During the same quarter in the previous year, the business posted ($0.81) EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts anticipate 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 have recently added to or reduced their stakes in the business. Broad Bay Capital Management LP increased its holdings in Green Plains by 16.1% in 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 purchasing an additional 355,685 shares in the last quarter. Federated Hermes Inc. bought a new stake in Green Plains in the first quarter worth approximately $8,860,000. Charles Schwab Investment Management Inc. increased its holdings in Green Plains by 13.5% in 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 in the last quarter. Kailix Advisors LLC increased its holdings in Green Plains by 15.3% in 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 in the last quarter. Finally, CenterBook Partners LP bought a new stake in Green Plains in the fourth quarter worth approximately $10,940,000.

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.

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