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

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

A number of other analysts have also weighed in on the stock. TheStreet lowered shares of Green Plains from a c- rating to a d+ rating in a report on Wednesday, February 7th. The Goldman Sachs Group dropped their target price on Green Plains from $39.00 to $34.00 and set a buy rating for the company in a research report on Tuesday, January 30th. UBS Group decreased their price target on Green Plains from $33.50 to $31.00 and set a buy rating on the stock in a report on Monday, March 4th. Truist Financial reiterated a buy rating and issued a $35.00 price objective on shares of Green Plains in a research report on Tuesday, March 26th. Finally, Roth Mkm restated a buy rating and set a $55.00 target price on shares of Green Plains in a research report on Monday, March 25th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $30.75.

Green Plains Trading Up 3.1 %

Shares of GPRE opened at $20.19 on Monday. 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 company has a market cap of $1.31 billion, a price-to-earnings ratio of -16.41 and a beta of 1.62. The stock has a fifty day moving average price of $21.50 and a two-hundred day moving average price of $23.26. Green Plains has a 52-week low of $18.75 and a 52-week high of $36.02.

Green Plains (NASDAQ:GPRE) last released its quarterly 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 net margin of 2.43% and a negative return on equity of 7.86%. The business had revenue of $597.20 million during the quarter, compared to the consensus estimate of $654.40 million. During the same period in the prior year, the firm earned ($1.20) earnings per share. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. Analysts predict that Green Plains will post 0.28 EPS for the current fiscal year.

Insider Transactions at Green Plains

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the transaction, 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 accessible through this link. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Green Plains

A number of large investors have recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Green Plains by 11.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock valued at $164,945,000 after acquiring an additional 584,257 shares during the period. Vanguard Group Inc. grew its position in shares of Green Plains by 1.3% in 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. Broad Bay Capital Management LP increased its stake in Green Plains by 17.6% during the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after purchasing an additional 352,000 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Green Plains by 0.5% during the 1st quarter. William Blair Investment Management LLC now owns 1,805,061 shares of the specialty chemicals company’s stock worth $41,733,000 after buying an additional 8,183 shares during the period. Finally, Kailix Advisors LLC raised its holdings in Green Plains by 49.0% during the 1st quarter. Kailix Advisors LLC now owns 960,752 shares of the specialty chemicals company’s stock worth $22,213,000 after buying an additional 316,142 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.