BMO Capital Markets Cuts Green Plains (NASDAQ:GPRE) Price Target to $7.00

Green Plains (NASDAQ:GPRE) had its price target lowered by BMO Capital Markets from $8.00 to $7.00 in a research note published on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the specialty chemicals company’s stock.

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

Green Plains Stock Up 0.8%

GPRE stock opened at $5.13 on Monday. The firm has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $7.64. Green Plains has a twelve month low of $3.14 and a twelve month high of $20.40. The company has a market capitalization of $348.26 million, a P/E ratio of -3.77 and a beta of 1.19. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49.

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

Institutional Trading of Green Plains

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in Green Plains in the first quarter worth $8,860,000. CenterBook Partners LP bought a new position in shares of Green Plains during the fourth quarter worth about $10,940,000. Ameriprise Financial Inc. grew its holdings in shares of Green Plains by 424.8% during the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company’s stock worth $7,624,000 after buying an additional 650,937 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Green Plains by 1,122.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after buying an additional 646,507 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock valued at $9,671,000 after purchasing an additional 488,870 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.