BMO Capital Markets Cuts Green Plains (NASDAQ:GPRE) Price Target to $8.00

Green Plains (NASDAQ:GPRE) had its target price trimmed by BMO Capital Markets from $13.00 to $8.00 in a report released on Monday morning,Benzinga reports. The firm currently has a market perform rating on the specialty chemicals company’s stock.

Other equities research analysts also recently issued research reports about the company. Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. Truist Financial dropped their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Green Plains has a consensus rating of “Hold” and an average price target of $23.31.

Green Plains Stock Up 0.5 %

NASDAQ:GPRE opened at $6.23 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. Green Plains has a twelve month low of $5.98 and a twelve month high of $24.21. The company has a market cap of $402.77 million, a PE ratio of -16.39, a P/E/G ratio of 3.69 and a beta of 1.44. The company’s 50 day moving average is $9.48 and its two-hundred day moving average is $11.69.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share 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 quarter in the previous year, the business earned $0.13 EPS. Analysts anticipate that Green Plains will post -1.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Green Plains by 11.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,342 shares of the specialty chemicals company’s stock valued at $529,000 after acquiring an additional 3,356 shares during the period. SG Americas Securities LLC increased its position in shares of Green Plains by 106.8% in the third quarter. SG Americas Securities LLC now owns 35,991 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 18,588 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Green Plains by 39.2% during the 3rd quarter. Inspire Investing LLC now owns 33,087 shares of the specialty chemicals company’s stock worth $448,000 after buying an additional 9,325 shares during the period. nVerses Capital LLC purchased a new position in shares of Green Plains during the 3rd quarter valued at approximately $65,000. Finally, Inspire Advisors LLC acquired a new stake in Green Plains in the 3rd quarter valued at $185,000.

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.