Green Plains (NASDAQ:GPRE) PT Lowered to $28.00

Green Plains (NASDAQ:GPREGet Free Report) had its price target cut by equities research analysts at UBS Group from $31.00 to $28.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s price objective points to a potential upside of 45.76% from the stock’s previous close.

Several other brokerages also recently commented on GPRE. BMO Capital Markets lowered their target price on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, May 6th. TheStreet cut shares of Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Truist Financial reiterated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Finally, Roth Mkm lowered their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.38.

View Our Latest Stock Analysis on Green Plains

Green Plains Trading Up 0.4 %

GPRE opened at $19.21 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -15.62 and a beta of 1.62. The firm has a 50 day simple moving average of $21.29 and a 200 day simple moving average of $22.77. Green Plains has a fifty-two week low of $18.42 and a fifty-two week high of $36.02.

Green Plains (NASDAQ:GPREGet Free Report) last posted its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period last year, the firm earned ($1.20) earnings per share. The company’s quarterly revenue was down 28.3% on a year-over-year basis. On average, sell-side analysts anticipate that Green Plains will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

Several hedge funds have recently added to or reduced their stakes in GPRE. California State Teachers Retirement System lifted its position in shares of Green Plains by 6.1% in the 1st quarter. California State Teachers Retirement System now owns 60,799 shares of the specialty chemicals company’s stock worth $1,406,000 after purchasing an additional 3,504 shares during the period. Masters Capital Management LLC lifted its position in shares of Green Plains by 40.0% in the 1st quarter. Masters Capital Management LLC now owns 700,000 shares of the specialty chemicals company’s stock worth $16,184,000 after purchasing an additional 200,000 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Green Plains by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,380 shares of the specialty chemicals company’s stock worth $818,000 after purchasing an additional 2,184 shares during the period. Tyro Capital Management LLC acquired a new position in shares of Green Plains in the 1st quarter worth approximately $3,315,000. Finally, Wolf Hill Capital Management LP lifted its position in shares of Green Plains by 3,036.9% in the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after purchasing an additional 1,697,784 shares during the period.

About Green Plains

(Get Free Report)

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.

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Analyst Recommendations for Green Plains (NASDAQ:GPRE)

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