Green Plains Inc. (NASDAQ:GPRE) Receives $37.40 Consensus Target Price from Analysts

Green Plains Inc. (NASDAQ:GPRE) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, 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 covered the stock in the last year is $37.40.

Several analysts have recently weighed in on GPRE shares. The Goldman Sachs Group lowered their price objective on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. TheStreet cut shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. UBS Group lowered their price objective on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Truist Financial restated a “buy” rating and set a $35.00 price objective on shares of Green Plains in a research report on Tuesday, March 26th. Finally, Roth Mkm restated a “buy” rating and set a $55.00 price objective on shares of Green Plains in a research report on Monday, March 25th.

Insider Activity at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III bought 4,000 shares of Green Plains 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 acquisition, the director now owns 40,913 shares in the company, valued at $1,011,778.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Green Plains

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

Green Plains Stock Performance

NASDAQ GPRE opened at $21.11 on Friday. Green Plains has a 1 year low of $19.44 and a 1 year high of $36.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.34. The stock has a market capitalization of $1.36 billion, a PE ratio of -12.95 and a beta of 1.60. The company’s 50 day simple moving average is $22.15 and its two-hundred day simple moving average is $24.12.

Green Plains (NASDAQ:GPRE) last posted 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). Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The firm had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $782.01 million. During the same quarter in the prior year, the company earned ($0.66) earnings per share. The business’s revenue for the quarter was down 22.1% compared to the same quarter last year. Analysts predict that Green Plains will post 0.58 earnings per share for the current fiscal year.

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.