Brokerages Set Green Plains Inc. (NASDAQ:GPRE) Price Target at $37.40

Shares of Green Plains Inc. (NASDAQ:GPRE) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.40.

Several research analysts recently issued reports on the stock. UBS Group reduced their price target 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 reiterated a “buy” rating and set a $35.00 price target on shares of Green Plains in a research report on Tuesday, March 26th. Roth Mkm reiterated a “buy” rating and set a $55.00 price target on shares of Green Plains in a research report on Monday, March 25th. TheStreet downgraded shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group reduced their price target 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.

Insider Buying and Selling at Green Plains

In related news, Director Ejnar A. Knudsen III purchased 4,000 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $24.73 per share, with a total value of $98,920.00. Following the purchase, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Green Plains

Institutional investors and hedge funds have recently modified their holdings of the stock. Quest Partners LLC bought a new stake in shares of Green Plains in the 4th quarter valued at about $26,000. Covestor Ltd increased its stake in Green Plains by 8,023.1% during the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 1,043 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Green Plains during the 1st quarter worth approximately $46,000. Point72 Hong Kong Ltd increased its stake in Green Plains by 39.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 539 shares in the last quarter. Finally, Equitec Proprietary Markets LLC bought a new stake in Green Plains during the 3rd quarter worth approximately $81,000.

Green Plains Stock Up 1.0 %

Shares of NASDAQ GPRE opened at $21.14 on Friday. The stock has a market cap of $1.37 billion, a PE ratio of -13.05 and a beta of 1.60. The business has a fifty day moving average of $22.09 and a two-hundred day moving average of $24.02. Green Plains has a 52-week low of $19.44 and a 52-week high of $36.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 1.90.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The company had revenue of $712.39 million for the quarter, compared to the consensus estimate of $782.01 million. During the same period in the previous year, the business posted ($0.66) earnings per share. The firm’s revenue was down 22.1% compared to the same quarter last year. As a group, equities research analysts expect that Green Plains will post 0.58 earnings per share for the current fiscal 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.