Green Plains (NASDAQ:GPRE) PT Lowered to $26.00

Green Plains (NASDAQ:GPRE) had its price target dropped by stock analysts at Bank of America from $29.00 to $26.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s target price points to a potential upside of 32.79% from the company’s previous close.

A number of other analysts also recently issued reports on GPRE. Roth Mkm cut their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a report on Monday. TheStreet lowered Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. UBS Group cut their price objective on Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research report on Monday, March 4th. BMO Capital Markets decreased their target price on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $19.58 on Tuesday. The stock 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 quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. Green Plains has a 52 week low of $18.75 and a 52 week high of $36.02. The firm has a 50-day simple moving average of $21.52 and a 200-day simple moving average of $23.28.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS 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 company had revenue of $597.20 million for the quarter, compared to analysts’ expectations of $654.40 million. During the same quarter in the prior year, the firm earned ($1.20) EPS. The firm’s revenue was down 28.3% on a year-over-year basis. On average, equities analysts predict that Green Plains will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III bought 4,000 shares of the business’s stock in a transaction that occurred 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 purchase, the director now directly owns 40,913 shares in the company, valued at $1,011,778.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Green Plains

Several large investors have recently bought and sold shares of the stock. Semanteon Capital Management LP acquired a new position in shares of Green Plains during the fourth quarter worth about $1,162,000. Algert Global LLC acquired a new position in Green Plains during the 3rd quarter worth approximately $848,000. Seven Eight Capital LP purchased a new stake in shares of Green Plains in the 3rd quarter valued at approximately $246,000. Tudor Investment Corp Et Al acquired a new stake in shares of Green Plains in the 3rd quarter valued at $4,475,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Green Plains by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock worth $22,922,000 after purchasing an additional 23,923 shares during the last quarter.

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.