Green Plains Inc. (NASDAQ:GPRE) Receives $16.50 Consensus Price Target from Analysts

Shares of Green Plains Inc. (NASDAQ:GPRE - Get Free Report) have received an average rating of "Hold" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.50.

Several brokerages have recently weighed in on GPRE. Bank of America downgraded Green Plains from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. StockNews.com lowered shares of Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Truist Financial reiterated a "buy" rating and set a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. UBS Group downgraded shares of 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 note on Tuesday, March 4th. Finally, Jefferies Financial Group cut Green Plains from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. CenterBook Partners LP purchased a new position in Green Plains in the 4th quarter worth $10,940,000. Ameriprise Financial Inc. raised its holdings in Green Plains by 424.8% in the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock worth $7,624,000 after purchasing an additional 650,937 shares during the period. Assenagon Asset Management S.A. increased its holdings in Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock worth $6,675,000 after acquiring an additional 646,507 shares in the last quarter. Invesco Ltd. boosted its holdings in Green Plains by 92.0% in the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock worth $9,671,000 after buying an additional 488,870 shares during the last quarter. Finally, Lumbard & Kellner LLC grew its holdings in shares of Green Plains by 159.4% during the first quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company's stock worth $3,591,000 after buying an additional 454,882 shares in the last quarter.

Green Plains Trading Down 0.9 %

Shares of NASDAQ GPRE traded down $0.04 during trading hours on Thursday, hitting $3.67. 141,608 shares of the company traded hands, compared to its average volume of 1,374,422. The stock has a market capitalization of $237.23 million, a price-to-earnings ratio of -2.69 and a beta of 1.20. The company's 50 day moving average price is $4.74 and its 200 day moving average price is $8.20. Green Plains has a 12 month low of $3.14 and a 12 month high of $21.81. 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 (NASDAQ:GPRE - Get Free Report) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, equities research analysts anticipate that Green Plains will post -0.5 earnings per share 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.