Roth Mkm Lowers Green Plains (NASDAQ:GPRE) Price Target to $40.00

Green Plains (NASDAQ:GPRE) had its target price decreased by Roth Mkm from $55.00 to $40.00 in a research report sent to investors on Monday morning, Benzinga reports. Roth Mkm currently has a buy rating on the specialty chemicals company’s stock.

Other research analysts have also recently issued reports about the company. UBS Group decreased their target price on Green Plains from $33.50 to $31.00 and set a buy rating for the company in a research note 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. BMO Capital Markets lowered their target price on Green Plains from $25.00 to $22.00 and set a market perform rating for the company in a research note on Monday. The Goldman Sachs Group cut their price target on shares of Green Plains from $39.00 to $34.00 and set a buy rating on the stock in a research note on Tuesday, January 30th. Finally, TheStreet downgraded shares of Green Plains from a c- rating to a d+ rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $30.75.

Green Plains Stock Performance

Shares of NASDAQ:GPRE opened at $19.58 on Monday. The firm’s 50 day simple moving average is $21.52 and its 200 day simple moving average is $23.28. Green Plains has a fifty-two week low of $18.75 and a fifty-two week high of $36.02. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -15.92 and a beta of 1.62. 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 posted its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.48). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $654.40 million. During the same quarter last year, the business posted ($1.20) earnings per share. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. As a group, sell-side analysts forecast that Green Plains will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $24.73 per share, with a total value of $98,920.00. Following the completion of the transaction, the director now owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Green Plains

Institutional investors and hedge funds have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of Green Plains during the 4th quarter worth about $26,000. Covestor Ltd lifted its position in Green Plains by 50.4% during the third quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock worth $76,000 after acquiring an additional 853 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Green Plains during the fourth quarter worth approximately $88,000. iA Global Asset Management Inc. acquired a new position in shares of Green Plains in the third quarter valued at approximately $164,000. Finally, Cape Investment Advisory Inc. bought a new position in shares of Green Plains during the fourth quarter worth approximately $196,000.

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.