Green Plains, Inc. (NASDAQ:GPRE) Receives $10.42 Consensus Price Target from Analysts

Key Points

• Green Plains, Inc. has received an average rating of "Hold" from eight brokerages, with six analysts indicating a hold and two recommending a buy.
• The stock has seen a significant decline, dropping 4.7% recently, and currently trades around $7.88, down from a 1-year high of $17.44.
• In its latest quarterly earnings report, Green Plains missed earnings expectations with a loss of ($0.88) per share compared to an anticipated loss of ($0.51), alongside revenue falling short of estimates.

Shares of Green Plains, Inc. (NASDAQ:GPRE - Get Free Report) have received an average recommendation of "Hold" from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.4167.

Several research analysts recently commented on the company. Bank of America downgraded Green Plains from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th. BMO Capital Markets dropped their target price on Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a report on Monday, May 12th.

Hedge Funds Weigh In On Green Plains

A number of hedge funds and other institutional investors have recently bought and sold shares of GPRE. Federated Hermes Inc. purchased a new position in Green Plains during the 1st quarter valued at about $8,860,000. CenterBook Partners LP purchased a new position in Green Plains during the 4th quarter valued at about $10,940,000. Ameriprise Financial Inc. boosted its holdings in Green Plains by 424.8% during the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock valued at $7,624,000 after acquiring an additional 650,937 shares during the period. Invesco Ltd. boosted its holdings in Green Plains by 92.0% during the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock valued at $9,671,000 after acquiring an additional 488,870 shares during the period. Finally, Lumbard & Kellner LLC boosted its holdings in Green Plains by 159.4% during the 1st quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company's stock valued at $3,591,000 after acquiring an additional 454,882 shares during the period.

Green Plains Price Performance

Shares of GPRE stock traded down $0.39 during trading hours on Friday, hitting $7.37. 746,365 shares of the company's stock were exchanged, compared to its average volume of 1,837,386. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.54. The firm has a market cap of $481.67 million, a P/E ratio of -4.36 and a beta of 1.18. The firm has a 50 day moving average of $6.43 and a two-hundred day moving average of $5.79. Green Plains has a fifty-two week low of $3.14 and a fifty-two week high of $15.70.

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 for the quarter, missing the consensus estimate 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 business had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. During the same period in the previous year, the company earned ($0.81) earnings per share. The company's quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts forecast that Green Plains will post -0.5 EPS for the current year.

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.