Green Plains (NASDAQ:GPRE) Sets New 52-Week High – Here’s Why

by · The Cerbat Gem

Green Plains, Inc. (NASDAQ:GPRE – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $12.47 and last traded at $12.4350, with a volume of 447598 shares changing hands. The stock had previously closed at $11.64.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GPRE. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Thursday, January 22nd. Roth Mkm cut Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Thursday, November 6th. Tudor Pickering raised Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Wall Street Zen raised Green Plains from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Bank of America upped their price target on shares of Green Plains from $7.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Green Plains has a consensus rating of “Hold” and an average target price of $10.63.

Check Out Our Latest Stock Analysis on Green Plains

Green Plains Trading Up 5.5%

The firm’s fifty day simple moving average is $10.44 and its 200 day simple moving average is $9.88. The stock has a market capitalization of $857.16 million, a P/E ratio of -4.20, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.68.

Green Plains (NASDAQ:GPRE – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.48. The business had revenue of $508.49 million for the quarter, compared to analyst estimates of $583.55 million. Green Plains had a negative net margin of 8.37% and a negative return on equity of 16.78%. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. As a group, equities research analysts forecast that Green Plains, Inc. will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Plains

A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its position in Green Plains by 62.5% in the first quarter. AQR Capital Management LLC now owns 152,731 shares of the specialty chemicals company’s stock valued at $741,000 after acquiring an additional 58,767 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Green Plains by 69.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 559,216 shares of the specialty chemicals company’s stock worth $2,712,000 after acquiring an additional 229,353 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Green Plains during the 2nd quarter valued at approximately $96,000. Public Employees Retirement System of Ohio increased its position in Green Plains by 46.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 1,838 shares in the last quarter. Finally, CWM LLC lifted its stake in Green Plains by 131.7% in the 2nd quarter. CWM LLC now owns 13,352 shares of the specialty chemicals company’s stock valued at $81,000 after purchasing an additional 7,590 shares during the last quarter.

Green Plains Company Profile

(Get Free Report)

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.

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