Green Plains’ (GPRE) Buy Rating Reaffirmed at Truist Financial

Green Plains (NASDAQ:GPRE)‘s stock had its “buy” rating reiterated by Truist Financial in a report released on Thursday,Benzinga reports. They presently have a $12.00 target price on the specialty chemicals company’s stock, down from their previous target price of $18.00. Truist Financial’s price objective would suggest a potential upside of 92.62% from the company’s previous close.

GPRE has been the subject of a number of other reports. BMO Capital Markets reduced their target price 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. Stephens upgraded shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.56.

Green Plains Stock Performance

Shares of GPRE stock opened at $6.23 on Thursday. The company’s 50 day moving average is $9.48 and its 200 day moving average is $11.69. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The firm has a market cap of $402.77 million, a price-to-earnings ratio of -16.39, a PEG ratio of 3.69 and a beta of 1.44. Green Plains has a 52-week low of $5.98 and a 52-week high of $24.21.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company earned $0.13 earnings per share. On average, sell-side analysts anticipate that Green Plains will post -1.02 EPS for the current fiscal year.

Institutional Trading of Green Plains

A number of institutional investors have recently bought and sold shares of GPRE. ExodusPoint Capital Management LP acquired a new position in Green Plains during the 4th quarter valued at approximately $785,000. Trexquant Investment LP grew its holdings in shares of Green Plains by 177.5% during the fourth quarter. Trexquant Investment LP now owns 469,639 shares of the specialty chemicals company’s stock valued at $4,452,000 after buying an additional 300,413 shares during the last quarter. Diametric Capital LP increased its position in shares of Green Plains by 11.6% in the 4th quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company’s stock valued at $217,000 after acquiring an additional 2,388 shares during the period. Franklin Resources Inc. acquired a new position in shares of Green Plains in the 4th quarter valued at $480,000. Finally, Clearbridge Investments LLC raised its stake in Green Plains by 2.7% in the 4th quarter. Clearbridge Investments LLC now owns 120,228 shares of the specialty chemicals company’s stock worth $1,140,000 after acquiring an additional 3,200 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.