UBS Group Trims Green Plains (NASDAQ:GPRE) Target Price to $28.00

Green Plains (NASDAQ:GPRE) had its price target lowered by UBS Group from $31.00 to $28.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

Other research analysts have also issued reports about the company. Roth Mkm cut their target price on Green Plains from $55.00 to $40.00 and set a buy rating on the stock in a research report on Monday, May 6th. BMO Capital Markets lowered their price target on Green Plains from $25.00 to $22.00 and set a market perform rating for the company in a report on Monday, May 6th. Stephens reiterated an equal weight rating and issued a $24.00 price target on shares of Green Plains in a report on Tuesday, May 7th. StockNews.com downgraded Green Plains from a hold rating to a sell rating in a report on Monday, May 6th. Finally, TheStreet downgraded Green Plains from a c- rating to a d+ rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $30.38.

Green Plains Trading Up 1.0 %

Shares of GPRE opened at $19.40 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.25 billion, a P/E ratio of -15.77 and a beta of 1.62. The stock’s fifty day simple moving average is $21.27 and its 200 day simple moving average is $22.71. Green Plains has a twelve month low of $18.42 and a twelve month high of $36.02.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.48). The firm 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%. The company’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period last year, the business posted ($1.20) earnings per share. On average, equities research analysts forecast that Green Plains will post -0.14 earnings per share for the current year.

Institutional Trading of Green Plains

Several large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Green Plains by 24.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,580 shares of the specialty chemicals company’s stock worth $288,000 after purchasing an additional 1,865 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Green Plains by 9.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,664 shares of the specialty chemicals company’s stock worth $772,000 after purchasing an additional 2,168 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in Green Plains in the third quarter worth about $1,015,000. Summit Financial LLC grew its stake in Green Plains by 8.5% in the third quarter. Summit Financial LLC now owns 27,342 shares of the specialty chemicals company’s stock worth $823,000 after purchasing an additional 2,145 shares in the last quarter. Finally, Swiss National Bank grew its stake in Green Plains by 1.0% in the third quarter. Swiss National Bank now owns 117,700 shares of the specialty chemicals company’s stock worth $3,543,000 after purchasing an additional 1,200 shares in the last quarter.

About Green Plains

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.