Green Plains (NASDAQ:GPRE) PT Lowered to $22.00

Green Plains (NASDAQ:GPRE) had its price target dropped by equities researchers at BMO Capital Markets from $25.00 to $22.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 14.11% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Roth Mkm reaffirmed a “buy” rating and issued a $55.00 target price on shares of Green Plains in a research note on Monday, March 25th. Truist Financial restated a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a research report on Tuesday, March 26th. UBS Group decreased their price objective on Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. The Goldman Sachs Group dropped their target price on Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, January 30th. Finally, TheStreet lowered Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Green Plains has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Green Plains Trading Down 3.1 %

GPRE stock opened at $19.28 on Monday. Green Plains has a 1-year low of $19.27 and a 1-year high of $36.02. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $21.56 and its 200-day moving average is $23.31. The firm has a market cap of $1.25 billion, a P/E ratio of -15.67 and a beta of 1.62.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.48). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The firm had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period in the prior year, the business earned ($1.20) earnings per share. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. Equities analysts anticipate that Green Plains will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ejnar A. Knudsen III bought 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the acquisition, the director now owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Green Plains

Hedge funds have recently bought and sold shares of the company. Semanteon Capital Management LP acquired a new stake in shares of Green Plains in the 4th quarter valued at approximately $1,162,000. Algert Global LLC acquired a new stake in Green Plains in the third quarter valued at approximately $848,000. Seven Eight Capital LP bought a new stake in shares of Green Plains during the third quarter worth $246,000. Tudor Investment Corp Et Al acquired a new position in shares of Green Plains during the third quarter worth $4,475,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Green Plains by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock valued at $22,922,000 after acquiring an additional 23,923 shares during the last quarter.

Green Plains Company Profile

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.