Stocks of Green Plains Inc. (NASDAQ:GPRE) traded higher last session on Wall Street, down -0.23% to $30.09.
According to the data, Green Plains Inc. (NASDAQ:GPRE) has 9 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $35.00, we find $45.00. Given the previous closing price of $30.16, this indicates a potential upside of 49.2 percent. GPRE stock price is now -5.93% away from the 50-day moving average and -5.76% away from the 200-day moving average. The market capitalization of the company currently stands at $1.76B.
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A total of 2 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $44.44 as their price target over the next twelve months.
With the price target reduced from $40 to $37, Stephens Downgraded its rating from Overweight to Equal-Weight for Green Plains Inc. (NASDAQ: GPRE). On December 14, 2022, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $45, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’.
In other news, STARK JAMES E, Chief Financial Officer bought 787 shares of the company’s stock on Dec 06. The stock was bought for $25,066 at an average price of $31.85. Upon completion of the transaction, the Chief Financial Officer now directly owns 11,184 shares in the company, valued at $0.34 million. Insiders disposed of 221,357 shares of company stock worth roughly $6.66 million over the past 1 year. A total of 3.17% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GPRE stock. A new stake in Green Plains Inc. shares was purchased by RUBRIC CAPITAL MANAGEMENT LP during the first quarter worth $30,817,000. BARINGS LLC invested $14,672,000 in shares of GPRE during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Green Plains Inc. valued at approximately $9,177,000. MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. acquired a new stake in GPRE for approximately $8,569,000. BROAD BAY CAPITAL MANAGEMENT, LP purchased a new stake in GPRE valued at around $4,924,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $29.77 for Green Plains Inc. (NASDAQ: GPRE). During the past 12 months, Green Plains Inc. has had a low of $26.09 and a high of $41.25. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 2.20, and a quick ratio of 1.60. The fifty day moving average price for GPRE is $31.96 and a two-hundred day moving average price translates $31.92 for the stock.
The latest earnings results from Green Plains Inc. (NASDAQ: GPRE) was released for Jun, 2022. According to the Specialty Chemicals Company, earnings per share came in at $0.73, beating analysts’ expectations of $0.15 by 0.58. This compares to -$1.08 EPS in the same period last year. The net profit margin was -2.80% and return on equity was -10.50% for GPRE. The company reported revenue of $954.98 million for the quarter, compared to $746.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.88 percent. For the current quarter, analysts expect GPRE to generate $898.9M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/14/2019. Investors who held shares on 05/24/2019 were paid a $0.12 dividend.
Green Plains Inc.(GPRE) Company Profile
Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil. The Agribusiness and Energy Services segment engages in the grain procurement, handling, and storage activities; and commodity marketing business, which purchases, markets, sells, and distributes ethanol, distiller grains, and ultra-high protein and corn oil, as well as grain, natural gas, and other commodities in various markets. This segment also provides grain drying and storage services to grain producers. The Partnership segment offers fuel storage and transportation services. As of December 31, 2021, it operated through 29 ethanol storage facilities; 4 fuel terminal facilities; and a fleet of approximately 2,300 leased railcars. The company was formerly known as Green Plains Renewable Energy, Inc. and changed its name to Green Plains Inc. in May 2014. Green Plains Inc. was founded in 2004 and is headquartered in Omaha, Nebraska.
