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

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

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Green Plains from a "buy" rating to a "hold" rating and cut their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. Bank of America lowered shares of Green Plains from a "buy" rating to a "neutral" rating and cut their price objective for the company from $10.00 to $4.50 in a research report on Tuesday, April 15th. BMO Capital Markets cut 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. StockNews.com lowered shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Finally, UBS Group lowered shares of Green Plains from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th.

Hedge Funds Weigh In On Green Plains

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock worth $355,000 after purchasing an additional 1,488 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Green Plains by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company's stock worth $346,000 after buying an additional 1,596 shares during the period. Diametric Capital LP grew its stake in Green Plains by 11.6% during the fourth quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company's stock worth $217,000 after buying an additional 2,388 shares during the period. Pictet Asset Management Holding SA grew its stake in Green Plains by 28.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock worth $108,000 after buying an additional 2,503 shares during the period. Finally, Van ECK Associates Corp grew its stake in Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 2,717 shares during the period.

Green Plains Stock Performance

Shares of GPRE opened at $5.23 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The stock has a market cap of $342.04 million, a P/E ratio of -3.85 and a beta of 1.19. The company has a 50-day moving average of $4.30 and a two-hundred day moving average of $7.50. Green Plains has a 12-month low of $3.14 and a 12-month high of $19.80.

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). The business had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The business's revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.81) EPS. As a group, research analysts predict 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.

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