Green Plains (NASDAQ:GPRE) Price Target Cut to $7.00 by Analysts at BMO Capital Markets

Green Plains (NASDAQ:GPRE) had its price objective reduced by research analysts at BMO Capital Markets from $8.00 to $7.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 52.07% from the company’s previous close.

Several other analysts have also weighed in on GPRE. Jefferies Financial Group lowered Green Plains from a “buy” rating to a “hold” rating and cut their price objective for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Bank of America lowered Green Plains from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $4.50 in a report on Tuesday, April 15th. Finally, Truist Financial restated a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Green Plains presently has an average rating of “Hold” and an average target price of $11.93.

Green Plains Price Performance

NASDAQ:GPRE traded up $0.53 during trading hours on Monday, hitting $4.60. The company’s stock had a trading volume of 1,062,920 shares, compared to its average volume of 1,378,748. The business’s 50-day moving average is $4.36 and its two-hundred day moving average is $7.70. The company has a market capitalization of $312.48 million, a PE ratio of -3.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. Green Plains has a 52-week low of $3.14 and a 52-week high of $20.54.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The company had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted ($0.81) earnings per share. As a group, research analysts anticipate that Green Plains will post -0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Green Plains

Several hedge funds and other institutional investors have recently modified their holdings of GPRE. WealthPlan Investment Management LLC purchased a new position in Green Plains in the first quarter worth $49,000. Charles Schwab Investment Management Inc. grew its position in Green Plains by 13.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,590,954 shares of the specialty chemicals company’s stock worth $7,716,000 after acquiring an additional 189,478 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Green Plains by 54.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 3,002 shares during the last quarter. Monaco Asset Management SAM grew its position in Green Plains by 120.0% during the 1st quarter. Monaco Asset Management SAM now owns 225,000 shares of the specialty chemicals company’s stock worth $1,091,000 after acquiring an additional 122,722 shares during the last quarter. Finally, XTX Topco Ltd grew its position in Green Plains by 143.2% during the 1st quarter. XTX Topco Ltd now owns 155,292 shares of the specialty chemicals company’s stock worth $753,000 after acquiring an additional 91,443 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.