Zacks Research cut shares of Green Plains (NASDAQ:GPRE – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.
Several other analysts have also recently weighed in on GPRE. Stephens raised their target price on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Oppenheimer reissued an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Tuesday, April 21st. Finally, BMO Capital Markets boosted their target price on shares of Green Plains from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.29.
Check Out Our Latest Report on Green Plains
Green Plains Stock Performance
Green Plains (NASDAQ:GPRE – Get Free Report) last released its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.43. The firm had revenue of $445.80 million during the quarter, compared to analysts’ expectations of $532.53 million. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.Green Plains’s revenue for the quarter was down 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.14) EPS. As a group, equities analysts anticipate that Green Plains will post 2.1 earnings per share for the current fiscal year.
Institutional Trading of Green Plains
Several institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in Green Plains during the 3rd quarter worth $3,351,000. Assenagon Asset Management S.A. boosted its stake in Green Plains by 825.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 436,228 shares of the specialty chemicals company’s stock valued at $4,275,000 after acquiring an additional 389,102 shares in the last quarter. Wolf Hill Capital Management LP boosted its stake in Green Plains by 19.6% in the third quarter. Wolf Hill Capital Management LP now owns 1,291,815 shares of the specialty chemicals company’s stock valued at $11,355,000 after acquiring an additional 211,303 shares in the last quarter. Kailix Advisors LLC grew its holdings in shares of Green Plains by 18.5% during the fourth quarter. Kailix Advisors LLC now owns 1,369,211 shares of the specialty chemicals company’s stock worth $13,418,000 after purchasing an additional 213,888 shares during the last quarter. Finally, Cinctive Capital Management LP acquired a new stake in shares of Green Plains during the third quarter worth about $1,978,000.
About Green Plains
Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.
Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.
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