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

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

GPRE has been the topic of several other research reports. Truist Financial cut their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Green Plains has a consensus rating of “Hold” and a consensus target price of $23.31.

Green Plains Trading Up 0.5 %

Shares of GPRE stock opened at $6.23 on Monday. Green Plains has a 1-year low of $5.98 and a 1-year high of $24.21. The firm has a market cap of $402.77 million, a PE ratio of -16.39, a price-to-earnings-growth ratio of 3.69 and a beta of 1.44. The company has a 50-day moving average of $9.48 and a two-hundred day moving average of $11.69. 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 posted 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 return on equity of 4.81% and a negative net margin of 0.79%. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, analysts predict that Green Plains will post -1.02 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Several hedge funds have recently added to or reduced their stakes in the stock. ExodusPoint Capital Management LP purchased a new stake in shares of Green Plains during the 4th quarter worth approximately $785,000. Trexquant Investment LP lifted its position in Green Plains by 177.5% in the fourth quarter. Trexquant Investment LP now owns 469,639 shares of the specialty chemicals company’s stock valued at $4,452,000 after acquiring an additional 300,413 shares during the last quarter. Diametric Capital LP boosted its stake in Green Plains by 11.6% in the fourth 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 in the last quarter. Franklin Resources Inc. purchased a new position in shares of Green Plains during the fourth quarter worth about $480,000. Finally, Clearbridge Investments LLC increased its position in shares of Green Plains by 2.7% during the fourth quarter. Clearbridge Investments LLC now owns 120,228 shares of the specialty chemicals company’s stock worth $1,140,000 after purchasing an additional 3,200 shares in 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.