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

Green Plains (NASDAQ:GPRE) had its price objective trimmed by BMO Capital Markets from $25.00 to $22.00 in a research note published on Monday, Benzinga reports. The firm currently has a market perform rating on the specialty chemicals company’s stock.

Several other brokerages have also recently weighed in on GPRE. Truist Financial reissued a buy rating and issued a $35.00 price objective on shares of Green Plains in a research note on Tuesday, March 26th. The Goldman Sachs Group decreased their price target 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. TheStreet lowered Green Plains from a c- rating to a d+ rating in a research note on Wednesday, February 7th. Roth Mkm reissued a buy rating and set a $55.00 target price on shares of Green Plains in a research report on Monday, March 25th. Finally, UBS Group dropped their price target on shares of Green Plains from $33.50 to $31.00 and set a buy rating on the stock in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $31.75.

Green Plains Stock Performance

NASDAQ GPRE opened at $19.90 on Monday. Green Plains has a fifty-two week low of $19.44 and a fifty-two week high of $36.02. The stock has a market cap of $1.29 billion, a PE ratio of -16.18 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. The firm’s fifty day moving average price is $21.61 and its two-hundred day moving average price is $23.36.

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

Insiders Place Their Bets

In related news, Director Ejnar A. Knudsen III acquired 4,000 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the purchase, the director now directly owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of Green Plains during the fourth quarter valued at approximately $26,000. Covestor Ltd increased 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 purchasing an additional 853 shares in the last quarter. Headlands Technologies LLC acquired a new position in Green Plains during the fourth quarter worth $88,000. iA Global Asset Management Inc. acquired a new position in Green Plains during the third quarter worth $164,000. Finally, Cape Investment Advisory Inc. bought a new position in shares of Green Plains in the fourth quarter valued at $196,000.

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.