Green Plains (NASDAQ:GPRE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other brokerages also recently issued reports on GPRE. Roth Mkm downgraded Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Thursday, November 6th. Stephens raised shares of Green Plains from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $17.00 in a report on Monday, February 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research note on Thursday, January 22nd. BMO Capital Markets increased their price target on shares of Green Plains from $12.00 to $14.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Finally, Zacks Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.25.

Green Plains Price Performance

NASDAQ:GPRE opened at $13.70 on Friday. The firm’s fifty day moving average is $11.17 and its two-hundred day moving average is $10.26. The firm has a market cap of $956.81 million, a price-to-earnings ratio of -7.25, a PEG ratio of 1.19 and a beta of 1.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.79. Green Plains has a one year low of $3.14 and a one year high of $15.64.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. Green Plains had a negative return on equity of 8.70% and a negative net margin of 5.80%.The business had revenue of $428.85 million during the quarter, compared to analyst estimates of $536.56 million. During the same quarter last year, the business posted ($0.86) EPS. The company’s revenue was down 26.6% on a year-over-year basis. Research analysts expect that Green Plains will post -0.5 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Green Plains by 192.2% during the third quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 2,991 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Green Plains by 19.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 1,619 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Green Plains during the 2nd quarter worth approximately $61,000. R Squared Ltd acquired a new position in shares of Green Plains during the second quarter valued at approximately $66,000. Finally, Quarry LP purchased a new position in shares of Green Plains in the third quarter valued at approximately $67,000.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.