Green Plains Inc. (NASDAQ:GPRE) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $37.40.

GPRE has been the topic of several research reports. Truist Financial reissued a "buy" rating and issued a $35.00 target price on shares of Green Plains in a research report on Tuesday, March 26th. Roth Mkm reaffirmed a "buy" rating and issued a $55.00 price objective on shares of Green Plains in a research note on Monday, March 25th. The Goldman Sachs Group decreased their price objective on Green Plains from $39.00 to $34.00 and set a "buy" rating on the stock in a research note on Tuesday, January 30th. TheStreet downgraded Green Plains from a "c-" rating to a "d+" rating in a research note on Wednesday, February 7th. Finally, UBS Group decreased their price objective on Green Plains from $33.50 to $31.00 and set a "buy" rating on the stock in a research note on Monday, March 4th.

Green Plains Stock Performance

NASDAQ:GPRE traded down $0.45 on Friday, hitting $21.93. The stock had a trading volume of 1,191,372 shares, compared to its average volume of 971,862. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -13.54 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The business's 50-day simple moving average is $22.13 and its two-hundred day simple moving average is $24.23. Green Plains has a 52-week low of $19.44 and a 52-week high of $36.02.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $712.39 million during the quarter, compared to analysts' expectations of $782.01 million. Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The company's revenue for the quarter was down 22.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.66) earnings per share. As a group, research analysts predict that Green Plains will post 0.58 earnings per share for the current year.

Insider Activity at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III bought 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $24.73 per share, with a total value of $98,920.00. Following the purchase, the director now owns 40,913 shares of the company's stock, valued at $1,011,778.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of Green Plains

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC purchased a new position in Green Plains during the 3rd quarter valued at approximately $848,000. Seven Eight Capital LP purchased a new position in Green Plains during the 3rd quarter valued at approximately $246,000. Tudor Investment Corp Et Al purchased a new position in Green Plains during the 3rd quarter valued at approximately $4,475,000. Charles Schwab Investment Management Inc. grew its holdings in Green Plains by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company's stock valued at $22,922,000 after buying an additional 23,923 shares in the last quarter. Finally, Kailix Advisors LLC grew its holdings in Green Plains by 17.1% during the 3rd quarter. Kailix Advisors LLC now owns 513,206 shares of the specialty chemicals company's stock valued at $15,448,000 after buying an additional 75,100 shares in the last quarter.

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.