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 – Get Free Report) 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
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.
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