Oppenheimer Lowers Benson Hill (NYSE:BHIL) Price Target to $5.00

Benson Hill (NYSE:BHIL – Get Rating) had its price objective dropped by investment analysts at Oppenheimer from $7.00 to $5.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 231.13% from the stock’s current price. Oppenheimer also issued estimates for Benson Hill’s Q1 2023 earnings at ($0.18) EPS.

Several other analysts have also recently issued reports on the stock. Barclays lowered their price objective on shares of Benson Hill from $5.00 to $3.00 and set an “overweight” rating for the company in a research note on Tuesday. Lake Street Capital reduced their target price on shares of Benson Hill from $7.00 to $4.50 in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.04.

Benson Hill Trading Up 0.7 %

Shares of BHIL opened at $1.51 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.54 and a quick ratio of 3.86. The firm has a 50 day simple moving average of $2.36 and a 200-day simple moving average of $2.66. Benson Hill has a 1-year low of $1.34 and a 1-year high of $5.85. The stock has a market cap of $311.76 million, a price-to-earnings ratio of -2.01 and a beta of 1.54.

Benson Hill (NYSE:BHIL – Get Rating) last released its earnings results on Monday, March 13th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The firm had revenue of $99.18 million during the quarter, compared to analysts’ expectations of $99.50 million. Benson Hill had a negative net margin of 30.90% and a negative return on equity of 33.72%. During the same period in the previous year, the company earned ($0.32) EPS. Equities analysts forecast that Benson Hill will post -0.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Benson Hill news, CFO Dean P. Freeman sold 26,703 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $2.55, for a total value of $68,092.65. Following the transaction, the chief financial officer now owns 157,527 shares in the company, valued at approximately $401,693.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Benson Hill

A number of institutional investors have recently added to or reduced their stakes in BHIL. Squarepoint Ops LLC bought a new stake in shares of Benson Hill in the 4th quarter worth about $38,000. Evergreen Capital Management LLC bought a new stake in shares of Benson Hill in the 4th quarter worth about $121,000. Putnam Investments LLC bought a new stake in shares of Benson Hill in the 4th quarter worth about $35,000. Alpine Global Management LLC bought a new stake in shares of Benson Hill in the 4th quarter worth about $38,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Benson Hill by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,040,528 shares of the company’s stock worth $2,653,000 after purchasing an additional 13,658 shares during the last quarter. Institutional investors and hedge funds own 34.35% of the company’s stock.

Benson Hill Company Profile

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Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.