Green Plains (NASDAQ:GPRE) Sets New 1-Year Low at $14.40

Green Plains Inc. (NASDAQ:GPREGet Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $14.40 and last traded at $14.70, with a volume of 198211 shares trading hands. The stock had previously closed at $15.00.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lowered their price objective on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Truist Financial reiterated a “buy” rating and issued a $35.00 target price on shares of Green Plains in a report on Tuesday, March 26th. Roth Mkm cut their price target on Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Finally, BMO Capital Markets lowered their price objective on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, May 6th. 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 stock. According to MarketBeat.com, Green Plains currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.38.

Read Our Latest Stock Analysis on GPRE

Green Plains Trading Down 4.1 %

The firm has a market capitalization of $929.88 million, a PE ratio of -11.70 and a beta of 1.58. 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 company’s 50-day simple moving average is $17.55 and its 200 day simple moving average is $20.66.

Green Plains (NASDAQ:GPREGet Free Report) last posted its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $654.40 million. During the same period in the previous year, the company earned ($1.20) EPS. The company’s revenue was down 28.3% on a year-over-year basis. As a group, sell-side analysts expect that Green Plains Inc. will post -0.25 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Several hedge funds and other institutional investors have recently modified their holdings of GPRE. Quest Partners LLC purchased a new stake in Green Plains during the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in Green Plains in the 4th quarter worth $88,000. Crewe Advisors LLC acquired a new stake in Green Plains during the 1st quarter worth about $150,000. iA Global Asset Management Inc. purchased a new stake in Green Plains during the 3rd quarter valued at about $164,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of Green Plains in the fourth quarter valued at about $196,000.

Green Plains Company Profile

(Get Free Report)

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.

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