Green Plains (GPRE) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Green Plains (NASDAQ: GPRE):

• 8/19/2024 – Green Plains had its price target lowered by analysts at UBS Group AG from $26.00 to $23.50. They now have a “buy” rating on the stock.
• 8/7/2024 – Green Plains had its price target lowered by analysts at BMO Capital Markets from $22.00 to $17.00. They now have a “market perform” rating on the stock.
• 8/7/2024 – Green Plains was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating.
• 8/7/2024 – Green Plains had its price target lowered by analysts at Craig Hallum from $34.00 to $26.00. They now have a “buy” rating on the stock.
• 8/5/2024 – Green Plains had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $25.00 price target on the stock, down previously from $30.00.
• 7/22/2024 – Green Plains had its price target lowered by analysts at Oppenheimer Holdings Inc. from $28.00 to $21.00. They now have an “outperform” rating on the stock.

Green Plains Stock Down 0.9 %

NASDAQ:GPRE traded down $0.13 on Monday, hitting $14.05. The stock had a trading volume of 1,166,491 shares, compared to its average volume of 1,146,979. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. The stock has a market cap of $907.90 million, a P/E ratio of -11.42 and a beta of 1.58. Green Plains Inc. has a 1 year low of $12.77 and a 1 year high of $34.62. The firm’s fifty day simple moving average is $15.71 and its two-hundred day simple moving average is $19.12.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results 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). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The company had revenue of $618.83 million for the quarter, compared to analysts’ expectations of $646.70 million. During the same quarter in the previous year, the business earned ($0.89) EPS. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. Analysts predict that Green Plains Inc. will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Future Fund LLC increased its position in shares of Green Plains by 5.0% in the fourth quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock valued at $289,000 after acquiring an additional 550 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Green Plains by 6.3% during the first quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 655 shares during the period. Inspire Investing LLC increased its position in shares of Green Plains by 4.1% during the first quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock valued at $398,000 after buying an additional 675 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Green Plains by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 700 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Green Plains by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock valued at $670,000 after buying an additional 901 shares during the period.

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.