BMO Capital Markets Trims Green Plains (NASDAQ:GPRE) Target Price to $22.00

Green Plains (NASDAQ:GPRE) had its price target cut by BMO Capital Markets from $25.00 to $22.00 in a research report released on Monday, Benzinga reports. They currently have a market perform rating on the specialty chemicals company’s stock.

GPRE has been the subject of a number of other research reports. 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. The Goldman Sachs Group cut their price objective on shares of Green Plains from $39.00 to $34.00 and set a buy rating on the stock in a research report on Tuesday, January 30th. UBS Group lowered their target price on shares of Green Plains from $33.50 to $31.00 and set a buy rating for the company in a report on Monday, March 4th. Roth Mkm reiterated a buy rating and set a $55.00 price target on shares of Green Plains in a report on Monday, March 25th. Finally, TheStreet downgraded shares of Green Plains from a c- rating to a d+ rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Green Plains presently has a consensus rating of Moderate Buy and a consensus price target of $30.75.

Green Plains Price Performance

NASDAQ:GPRE opened at $19.58 on Monday. The stock has a market cap of $1.27 billion, a PE ratio of -15.92 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. The business’s 50-day simple moving average is $21.52 and its two-hundred day simple moving average is $23.28. Green Plains has a 52 week low of $18.75 and a 52 week high of $36.02.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing the consensus estimate 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 company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period last year, the company earned ($1.20) EPS. The firm’s revenue for the quarter was down 28.3% on a year-over-year basis. As a group, analysts forecast that Green Plains will post 0.28 EPS for the current fiscal year.

Insider Transactions at Green Plains

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $24.73 per share, with a total value of $98,920.00. Following the completion of the transaction, the director now owns 40,913 shares in the company, valued at approximately $1,011,778.49. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Green Plains

Several institutional investors have recently added to or reduced their stakes in GPRE. Inspire Investing LLC increased its holdings in shares of Green Plains by 3.6% in the third 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 period. Future Fund LLC boosted its position in Green Plains by 5.0% in the fourth 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 during 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 worth $256,000 after buying an additional 655 shares during the period. Van ECK Associates Corp raised its position in Green Plains by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 58,248 shares of the specialty chemicals company’s stock worth $1,754,000 after buying an additional 674 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Green Plains by 50.4% during the 3rd quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after acquiring an additional 853 shares during the period.

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.