Brokerages Set Green Plains Inc. (NASDAQ:GPRE) Price Target at $26.28

Green Plains Inc. (NASDAQ:GPRE) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.28.

A number of equities analysts have issued reports on the stock. Craig Hallum cut their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. BMO Capital Markets decreased their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Truist Financial reissued a “buy” rating and set a $25.00 target price (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Finally, UBS Group lowered their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th.

Green Plains Price Performance

Green Plains stock opened at $13.37 on Wednesday. Green Plains has a 52-week low of $11.63 and a 52-week high of $33.75. The company’s 50 day moving average is $14.82 and its two-hundred day moving average is $17.74. The firm has a market cap of $863.96 million, a PE ratio of -10.87 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The business had revenue of $618.83 million for the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.89) earnings per share. On average, research analysts expect that Green Plains will post -0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently added to or reduced their stakes in the company. Broad Bay Capital Management LP raised its stake in Green Plains by 17.6% during the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after purchasing an additional 352,000 shares during the last quarter. Vanguard Group Inc. lifted its position in Green Plains by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock valued at $106,266,000 after purchasing an additional 53,320 shares during the period. Masters Capital Management LLC raised its position in shares of Green Plains by 25.0% in the 4th quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock valued at $12,610,000 after acquiring an additional 100,000 shares during the period. Rafferty Asset Management LLC raised its position in shares of Green Plains by 73.4% in the 4th quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock valued at $4,236,000 after acquiring an additional 71,099 shares during the period. Finally, Clifford Capital Partners LLC acquired a new stake in Green Plains during the 1st quarter worth approximately $7,688,000.

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.