Craig Hallum Lowers Green Plains (NASDAQ:GPRE) Price Target to $26.00

Green Plains (NASDAQ:GPRE) had its price objective decreased by equities researchers at Craig Hallum from $34.00 to $26.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Craig Hallum’s target price would suggest a potential upside of 95.20% from the company’s previous close.

GPRE has been the topic of several other research reports. Truist Financial reissued a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Green Plains in a research note on Monday. Bank of America lowered their price target on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday. BMO Capital Markets lowered their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.78.

Green Plains Stock Down 6.3 %

Shares of NASDAQ GPRE traded down $0.89 during trading on Wednesday, reaching $13.32. 54,229 shares of the stock were exchanged, compared to its average volume of 1,139,280. The company has a market capitalization of $860.73 million, a price-to-earnings ratio of -11.55 and a beta of 1.58. The business’s 50-day moving average price is $16.17 and its 200 day moving average price is $19.47. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. Green Plains has a twelve month low of $13.32 and a twelve month high of $34.62.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The firm had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The business’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.89) EPS. As a group, equities analysts forecast that Green Plains will post -0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Broad Bay Capital Management LP raised its stake in shares of Green Plains by 17.6% in the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after acquiring an additional 352,000 shares during the last quarter. Semanteon Capital Management LP bought a new stake in Green Plains during the 4th quarter worth about $1,162,000. Vanguard Group Inc. lifted its position in Green Plains by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock valued at $106,266,000 after purchasing an additional 53,320 shares during the period. Masters Capital Management LLC grew its position in shares of Green Plains by 25.0% during the 4th quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock worth $12,610,000 after buying an additional 100,000 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in Green Plains by 73.4% in the fourth quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock valued at $4,236,000 after acquiring an additional 71,099 shares during the last quarter.

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.