Green Plains, Inc. (NASDAQ:GPRE) Stock Has Average Price Target of $15.43 According to Brokerages

Green Plains, Inc. (NASDAQ:GPRE) has been given an average recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three 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 $15.43.

Several analysts have recently commented on the company. Zacks Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Weiss Ratings raised Green Plains from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a report on Friday, August 7th. Wall Street Zen raised shares of Green Plains from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, UBS Group restated a “neutral” rating on shares of Green Plains in a report on Tuesday, August 25th.

Green Plains Stock Performance

GPRE opened at $15.23 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.07 billion, a PE ratio of 9.58 and a beta of 1.15. The business has a fifty day simple moving average of $15.41 and a 200-day simple moving average of $15.83. Green Plains has a fifty-two week low of $8.93 and a fifty-two week high of $19.65.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.29. The company had revenue of $446.22 million for the quarter, compared to analyst estimates of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.During the same period in the previous year, the firm earned ($1.09) earnings per share. As a group, equities analysts predict that Green Plains will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nykredit A S acquired a new position in shares of Green Plains during the 2nd quarter valued at about $27,000. Integrated Wealth Concepts LLC bought a new stake in Green Plains during the second quarter valued at about $28,000. Virtus Advisers LLC acquired a new stake in shares of Green Plains in the second quarter valued at about $158,000. State of Wyoming acquired a new stake in shares of Green Plains in the second quarter valued at about $163,000. Finally, ProShare Advisors LLC increased its stake in shares of Green Plains by 11.7% in the fourth quarter. ProShare Advisors LLC now owns 12,275 shares of the specialty chemicals company’s stock worth $120,000 after purchasing an additional 1,290 shares during the period.

Green Plains Company Profile

Green Plains Inc is a biorefining company headquartered in Omaha, Nebraska. Founded in 2006, the company develops and operates renewable-fuel and ingredient production facilities that process corn into ethanol and other value-added products.

Its principal products include low-carbon renewable ethanol, renewable corn oil, distillers grains and other feed ingredients used in livestock and aquaculture markets. Green Plains has also developed higher-protein feed products and technologies designed to improve the efficiency and environmental performance of its biorefineries.

The company operates facilities primarily in the U.S.