Green Plains (NASDAQ:GPRE) Price Target Cut to $23.50

Green Plains (NASDAQ:GPRE) had its price objective lowered by equities research analysts at UBS Group from $26.00 to $23.50 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s target price indicates a potential upside of 74.72% from the company’s current price.

A number of other analysts also recently weighed in on GPRE. Truist Financial reissued a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, August 5th. BMO Capital Markets decreased their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Stephens restated an “equal weight” rating and issued a $24.00 target price on shares of Green Plains in a research note on Tuesday, May 7th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Finally, Roth Mkm lowered their price objective on Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Green Plains Stock Performance

Green Plains stock opened at $13.45 on Monday. Green Plains has a 12-month low of $12.77 and a 12-month high of $34.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. The company has a market capitalization of $869.13 million, a price-to-earnings ratio of -10.93 and a beta of 1.58. The firm’s fifty day moving average price is $15.59 and its 200 day moving average price is $19.02.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The business had revenue of $618.83 million for the quarter, compared to analysts’ expectations of $646.70 million. During the same period in the previous year, the firm posted ($0.89) earnings per share. The firm’s revenue was down 27.8% compared to the same quarter last year. On average, research analysts forecast that Green Plains will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Plains

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Future Fund LLC lifted its holdings in shares of Green Plains by 5.0% in the 4th quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock worth $289,000 after purchasing an additional 550 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Green Plains by 6.3% in the first quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 655 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Green Plains by 4.1% during the first quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock valued at $398,000 after acquiring an additional 675 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Green Plains by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock worth $515,000 after acquiring an additional 700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Green Plains by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock worth $670,000 after acquiring an additional 901 shares during the period.

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.