Green Plains’ (GPRE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Green Plains (NASDAQ:GPRE) in a report published on Monday morning, TipRanks reports. The brokerage currently has a $16.00 price objective on the specialty chemicals company’s stock. Jefferies Financial Group also issued estimates for Green Plains’ Q3 2021 earnings at $0.29 EPS and FY2022 earnings at $2.95 EPS.

A number of other research analysts also recently issued reports on GPRE. ValuEngine downgraded shares of Green Plains from a strong-buy rating to a buy rating in a research note on Thursday, May 21st. Zacks Investment Research cut shares of Green Plains from a buy rating to a hold rating in a research report on Wednesday, July 1st. Roth Capital dropped their target price on Green Plains from $18.00 to $11.00 and set a buy rating on the stock in a report on Tuesday, May 5th. BMO Capital Markets decreased their price target on Green Plains from $25.00 to $13.00 and set an outperform rating for the company in a report on Tuesday, May 5th. Finally, Craig Hallum dropped their price objective on Green Plains from $20.00 to $10.00 and set a buy rating on the stock in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Green Plains has a consensus rating of Buy and a consensus target price of $12.33.

Green Plains stock opened at $10.75 on Monday. The firm has a market capitalization of $377.66 million, a P/E ratio of -2.84 and a beta of 2.05. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. Green Plains has a twelve month low of $3.77 and a twelve month high of $16.49. The stock’s fifty day simple moving average is $9.61 and its 200-day simple moving average is $9.63.

Green Plains (NASDAQ:GPRE) last released its earnings results on Monday, May 4th. The specialty chemicals company reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.87) by ($0.19). The company had revenue of $632.87 million for the quarter, compared to analyst estimates of $700.00 million. Green Plains had a negative return on equity of 10.92% and a negative net margin of 4.88%. Sell-side analysts predict that Green Plains will post -1.45 earnings per share for the current year.

In related news, insider Michelle Mapes sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $10.09, for a total transaction of $50,450.00. Following the transaction, the insider now owns 46,391 shares in the company, valued at approximately $468,085.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.60% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of GPRE. State Street Corp increased its stake in Green Plains by 18.8% in the first quarter. State Street Corp now owns 2,093,014 shares of the specialty chemicals company’s stock valued at $10,151,000 after purchasing an additional 331,022 shares during the period. JPMorgan Chase & Co. increased its position in Green Plains by 72.1% in the 1st quarter. JPMorgan Chase & Co. now owns 760,421 shares of the specialty chemicals company’s stock valued at $3,688,000 after acquiring an additional 318,575 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Green Plains during the 4th quarter valued at approximately $11,093,000. Donald Smith & CO. Inc. raised its stake in Green Plains by 66.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 565,613 shares of the specialty chemicals company’s stock valued at $2,743,000 after acquiring an additional 224,972 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Green Plains during the 1st quarter worth approximately $1,716,000. Hedge funds and other institutional investors own 99.68% of the company’s stock.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

Further Reading: What sectors are represented in the Hang Seng index?

Analyst Recommendations for Green Plains (NASDAQ:GPRE)

Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.