Green Plains (NASDAQ:GPRE) Price Target Cut to $28.00 by Analysts at UBS Group

Green Plains (NASDAQ:GPRE) had its target price decreased by UBS Group from $31.00 to $28.00 in a research note issued to investors on Monday morning, Benzinga reports. UBS Group currently has a buy rating on the specialty chemicals company’s stock.

Other equities analysts also recently issued research reports about the stock. Stephens reissued an equal weight rating and issued a $24.00 target price on shares of Green Plains in a report on Tuesday, May 7th. BMO Capital Markets reduced 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. TheStreet downgraded shares of Green Plains from a c- rating to a d+ rating in a research note on Wednesday, February 7th. Craig Hallum dropped their target price on shares of Green Plains from $37.00 to $34.00 and set a buy rating on the stock in a report on Monday, May 6th. Finally, Truist Financial reaffirmed a buy rating and issued a $35.00 price objective on shares of Green Plains in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Green Plains presently has a consensus rating of Moderate Buy and a consensus target price of $30.38.

Green Plains Trading Down 4.3 %

Shares of NASDAQ GPRE opened at $18.56 on Monday. Green Plains has a 1 year low of $18.41 and a 1 year high of $36.02. The stock has a market cap of $1.20 billion, a P/E ratio of -15.09 and a beta of 1.62. The firm has a 50-day moving average of $21.22 and a 200 day moving average of $22.66. 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 issued its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) 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 firm’s quarterly revenue was down 28.3% on a year-over-year basis. During the same period last year, the firm posted ($1.20) earnings per share. As a group, sell-side analysts expect that Green Plains will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Green Plains

A number of large investors have recently modified their holdings of the business. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Green Plains by 11.9% during 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 purchasing an additional 584,257 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after buying an additional 447,825 shares in the last quarter. Broad Bay Capital Management LP grew its stake in shares of Green Plains by 17.6% in 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 buying an additional 352,000 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of 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 purchasing an additional 8,183 shares during the period. Finally, Wolf Hill Capital Management LP raised its holdings in shares of Green Plains by 3,036.9% in the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after buying an additional 1,697,784 shares during 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.