Green Plains (NASDAQ:GPRE) Price Target Cut to $40.00

Green Plains (NASDAQ:GPRE) had its price objective dropped by equities research analysts at Roth Mkm from $55.00 to $40.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Roth Mkm’s target price would indicate a potential upside of 92.12% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on GPRE. UBS Group dropped their price objective on Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a report on Monday, March 4th. The Goldman Sachs Group reduced their target price on Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. BMO Capital Markets reduced their target price on Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. Finally, Truist Financial reissued a “buy” rating and set a $35.00 target price on shares of Green Plains in a research note on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.33.

Green Plains Stock Up 3.2 %

Shares of NASDAQ:GPRE traded up $0.65 during midday trading on Monday, hitting $20.82. 259,843 shares of the company’s stock traded hands, compared to its average volume of 1,200,370. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. Green Plains has a twelve month low of $19.44 and a twelve month high of $36.02. The firm’s fifty day moving average price is $21.65 and its two-hundred day moving average price is $23.42. The company has a market cap of $1.35 billion, a PE ratio of -16.69 and a beta of 1.62.

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

Insider Activity

In related news, Director Ejnar A. Knudsen III acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $24.73 per share, with a total value of $98,920.00. Following the transaction, the director now owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its stake in Green Plains by 3.6% during the 3rd quarter. Inspire Investing LLC now owns 11,519 shares of the specialty chemicals company’s stock valued at $347,000 after purchasing an additional 402 shares during the last quarter. Future Fund LLC lifted its stake in Green Plains by 5.0% in the 4th quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock valued at $289,000 after buying an additional 550 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in Green Plains by 6.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock valued at $256,000 after purchasing an additional 655 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Green Plains by 1.2% during the third quarter. Van ECK Associates Corp now owns 58,248 shares of the specialty chemicals company’s stock worth $1,754,000 after purchasing an additional 674 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Green Plains by 50.4% in the third quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after buying an additional 853 shares during the last quarter.

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.