Green Plains’ (GPRE) “Buy” Rating Reaffirmed at Truist Financial

Truist Financial reiterated their buy rating on shares of Green Plains (NASDAQ:GPRE) in a report released on Monday morning, Benzinga reports. They currently have a $25.00 price objective on the specialty chemicals company’s stock, down from their prior price objective of $30.00.

A number of other brokerages have also recently commented on GPRE. UBS Group dropped their price objective on shares of Green Plains from $31.00 to $28.00 and set a buy rating on the stock in a research note on Monday, May 20th. StockNews.com lowered shares of Green Plains from a hold rating to a sell rating in a research report on Monday, May 6th. Roth Mkm decreased their price objective 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, May 6th. BMO Capital Markets lowered 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, May 6th. Finally, Oppenheimer reduced their price target on Green Plains from $28.00 to $21.00 and set an outperform rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $26.78.

Green Plains Stock Down 1.6 %

NASDAQ:GPRE opened at $14.21 on Monday. The firm has a market capitalization of $918.24 million, a P/E ratio of -11.55 and a beta of 1.58. The company’s fifty day moving average price is $16.17 and its 200-day moving average price is $19.47. Green Plains has a 1-year low of $13.57 and a 1-year 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.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. During the same period in the prior year, the business posted ($0.89) earnings per share. Green Plains’s revenue for the quarter was down 27.8% on a year-over-year basis. As a group, equities research analysts anticipate that Green Plains will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Green Plains

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Future Fund LLC lifted its stake in shares of Green Plains by 5.0% in the fourth quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock worth $289,000 after buying an additional 550 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Green Plains by 6.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock worth $256,000 after purchasing an additional 655 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Green Plains by 4.1% during the 1st quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock worth $398,000 after purchasing an additional 675 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Green Plains by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing 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 fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock valued at $670,000 after purchasing an additional 901 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.