Green Plains (NASDAQ:GPRE) Given New $15.00 Price Target at BMO Capital Markets

Green Plains (NASDAQ:GPRE) had its price target boosted by BMO Capital Markets from $14.00 to $15.00 in a research report released on Wednesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the specialty chemicals company’s stock.

Several other equities research analysts have also issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research note on Thursday, January 22nd. Wall Street Zen upgraded Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. UBS Group raised their price target on Green Plains from $7.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Stephens upgraded shares of Green Plains from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $10.00 to $17.00 in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Green Plains currently has a consensus rating of “Hold” and an average target price of $13.29.

Green Plains Stock Performance

Green Plains stock opened at $16.19 on Wednesday. Green Plains has a 1-year low of $3.14 and a 1-year high of $16.80. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.13 billion, a PE ratio of -8.57, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The firm’s 50 day simple moving average is $13.88 and its 200 day simple moving average is $11.36.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.07 by $0.10. The firm had revenue of $428.85 million during the quarter, compared to the consensus estimate of $536.56 million. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. The business’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.86) EPS. As a group, analysts expect that Green Plains will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GPRE. GAMMA Investing LLC lifted its holdings in shares of Green Plains by 192.2% in the 3rd quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 2,991 shares during the last quarter. Quarry LP purchased a new position in Green Plains in the 3rd quarter worth $67,000. Marex Group plc purchased a new position in Green Plains in the 4th quarter worth $98,000. Virtus Advisers LLC bought a new stake in Green Plains in the fourth quarter worth $98,000. Finally, WINTON GROUP Ltd bought a new stake in Green Plains in the second quarter worth $61,000.

Green Plains Company Profile

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.