Green Plains Inc. (NASDAQ:GPRE) Given Average Rating of “Moderate Buy” by Brokerages

Green Plains Inc. (NASDAQ:GPRE) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.44.

GPRE has been the subject of a number of research analyst reports. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Stephens upgraded shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, Truist Financial dropped their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th.

Institutional Investors Weigh In On Green Plains

Several large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 2,717 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Green Plains in the 3rd quarter worth about $52,000. KBC Group NV lifted its holdings in shares of Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 3,320 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Green Plains during the 3rd quarter worth about $65,000. Finally, Cape Investment Advisory Inc. grew its holdings in Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 5,450 shares during the last quarter.

Green Plains Stock Down 20.4 %

GPRE opened at $6.60 on Friday. The company has a market capitalization of $426.69 million, a PE ratio of -17.37, a PEG ratio of 1.41 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The firm’s 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $11.98. Green Plains has a 1-year low of $6.23 and a 1-year high of $25.22.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, equities analysts forecast that Green Plains will post -0.97 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.