Green Plains (NASDAQ:GPRE) Price Target Cut to $26.00

Green Plains (NASDAQ:GPRE) had its price objective cut by Bank of America from $29.00 to $26.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s price objective suggests a potential upside of 30.65% from the stock’s current price.

GPRE has been the topic of a number of other research reports. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday. UBS Group lowered their price objective on Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Craig Hallum cut their target price on Green Plains from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Finally, Roth Mkm cut their price objective on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.75.

Green Plains Stock Down 1.3 %

Shares of GPRE stock opened at $19.90 on Tuesday. The company’s fifty day simple moving average is $21.61 and its two-hundred day simple moving average is $23.36. Green Plains has a 52 week low of $19.44 and a 52 week high of $36.02. The stock has a market cap of $1.29 billion, a P/E ratio of -16.18 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.

Green Plains (NASDAQ:GPRE) last announced its quarterly 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 the consensus estimate of $654.40 million. During the same period in the previous year, the company posted ($1.20) earnings per share. Green Plains’s quarterly revenue was down 28.3% on a year-over-year basis. Analysts predict that Green Plains will post 0.28 EPS for the current fiscal year.

Insider Activity

In other news, Director Ejnar A. Knudsen III bought 4,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Green Plains

Several institutional investors have recently modified their holdings of GPRE. Semanteon Capital Management LP acquired a new stake in shares of Green Plains during the fourth quarter worth about $1,162,000. Algert Global LLC purchased a new position in Green Plains during the 3rd quarter valued at about $848,000. Seven Eight Capital LP purchased a new stake in Green Plains during the 3rd quarter worth $246,000. Tudor Investment Corp Et Al purchased a new stake in shares of Green Plains during the third quarter valued at approximately $4,475,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Green Plains by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock worth $22,922,000 after purchasing 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.