Craig Hallum Trims Green Plains (NASDAQ:GPRE) Target Price to $34.00

Green Plains (NASDAQ:GPRE) had its price objective lowered by analysts at Craig Hallum from $37.00 to $34.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Craig Hallum’s price target would suggest a potential upside of 69.49% from the company’s current price.

GPRE has been the subject of a number of other research reports. TheStreet lowered Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group dropped their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. BMO Capital Markets decreased their target price on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday. Roth Mkm dropped their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. Finally, Truist Financial restated a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.57.

Green Plains Price Performance

Shares of GPRE stock traded down $0.11 during trading hours on Monday, hitting $20.06. 784,514 shares of the company’s stock were exchanged, compared to its average volume of 1,207,820. Green Plains has a 12-month low of $19.44 and a 12-month high of $36.02. The company has a market capitalization of $1.30 billion, a PE ratio of -16.24 and a beta of 1.62. The business’s 50 day simple moving average is $21.65 and its 200-day simple moving average is $23.42. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last issued its 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). The business had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $654.40 million. Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. During the same quarter in the previous year, the business earned ($1.20) EPS. Green Plains’s revenue for the quarter was down 28.3% compared to the same quarter last year. On average, equities research analysts anticipate that Green Plains will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ejnar A. Knudsen III bought 4,000 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the purchase, the director now owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Green Plains

Institutional investors and hedge funds have recently bought and sold shares of the stock. Semanteon Capital Management LP acquired a new position in shares of Green Plains in the 4th quarter valued at about $1,162,000. Algert Global LLC purchased a new position in shares of Green Plains during the 3rd quarter worth approximately $848,000. Seven Eight Capital LP purchased a new stake in Green Plains in the third quarter valued at approximately $246,000. Tudor Investment Corp Et Al acquired a new position in Green Plains during the third quarter worth $4,475,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Green Plains by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock worth $22,922,000 after buying an additional 23,923 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.