Roth Mkm Cuts Green Plains (NASDAQ:GPRE) Price Target to $40.00

Green Plains (NASDAQ:GPRE) had its price target decreased by research analysts at Roth Mkm from $55.00 to $40.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Roth Mkm’s price target indicates a potential upside of 107.47% from the company’s current price.

A number of other brokerages have also weighed in on GPRE. TheStreet lowered Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. The Goldman Sachs Group dropped their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. UBS Group reduced their target price on Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a report on Monday, March 4th. BMO Capital Markets lowered their price target on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

Green Plains Stock Performance

NASDAQ GPRE opened at $19.28 on Monday. The firm has a market cap of $1.25 billion, a P/E ratio of -15.67 and a beta of 1.62. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $21.56 and its 200 day moving average price is $23.31. Green Plains has a 52-week low of $19.27 and a 52-week high of $36.02.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $654.40 million. During the same period in the prior year, the firm posted ($1.20) earnings per share. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. On average, equities research analysts expect that Green Plains will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ejnar A. Knudsen III acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the purchase, the director now directly owns 40,913 shares in the company, valued at $1,011,778.49. The purchase was disclosed in a document filed with the SEC, which is available through this link. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Green Plains

Several hedge funds have recently modified their holdings of GPRE. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Green Plains by 11.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock valued at $164,945,000 after buying an additional 584,257 shares during the period. Grizzlyrock Capital LLC purchased a new position in shares of Green Plains during the 4th quarter worth $10,444,000. Broad Bay Capital Management LP boosted its holdings in shares of Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after purchasing an additional 352,000 shares during the last quarter. Clifford Capital Partners LLC acquired a new stake in shares of Green Plains during the first quarter worth $7,688,000. Finally, Kailix Advisors LLC grew its position in shares of Green Plains by 49.0% in the first quarter. Kailix Advisors LLC now owns 960,752 shares of the specialty chemicals company’s stock valued at $22,213,000 after purchasing an additional 316,142 shares during the period.

About Green Plains

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.