Green Plains (NASDAQ:GPRE) Receives “Buy” Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of Green Plains (NASDAQ:GPRE) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $12.00 price target on the specialty chemicals company’s stock, down from their previous price target of $18.00.

Several other research firms also recently weighed in on GPRE. Stephens raised shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday. Finally, BMO Capital Markets reduced their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.56.

Green Plains Stock Performance

Green Plains stock opened at $6.54 on Thursday. The stock’s 50-day moving average is $9.39 and its 200-day moving average is $11.65. The company has a market cap of $423.33 million, a price-to-earnings ratio of -17.21, a price-to-earnings-growth ratio of 3.69 and a beta of 1.44. Green Plains has a 12 month low of $5.96 and a 12 month high of $24.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. During the same period in the previous year, the business earned $0.13 earnings per share. Equities analysts anticipate that Green Plains will post -1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Green Plains by 71.5% during the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after buying an additional 59,564 shares during the period. Charles Schwab Investment Management Inc. increased its position in Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after buying an additional 159,147 shares during the period. Paloma Partners Management Co acquired a new position in Green Plains during the 3rd quarter valued at $840,000. Assenagon Asset Management S.A. raised its position 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 valued at $6,675,000 after buying an additional 646,507 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Green Plains by 29.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after acquiring an additional 126,795 shares during the period.

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.