Roth Mkm Cuts Green Plains (NASDAQ:GPRE) Price Target to $40.00

Green Plains (NASDAQ:GPRE) had its price target decreased by Roth Mkm from $55.00 to $40.00 in a report issued on Monday, Benzinga reports. Roth Mkm currently has a buy rating on the specialty chemicals company’s stock.

GPRE has been the topic of a number of other research reports. Truist Financial reiterated a buy rating and set a $35.00 target price on shares of Green Plains in a research report on Tuesday, March 26th. TheStreet downgraded Green Plains from a c- rating to a d+ rating in a research note on Wednesday, February 7th. The Goldman Sachs Group reduced their price objective on Green Plains from $39.00 to $34.00 and set a buy rating for the company in a research note on Tuesday, January 30th. BMO Capital Markets reduced their price objective on Green Plains from $25.00 to $22.00 and set a market perform rating for the company in a research note on Monday. Finally, UBS Group reduced their price objective on Green Plains from $33.50 to $31.00 and set a buy rating for the company in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $30.75.

Green Plains Stock Up 3.1 %

GPRE opened at $20.19 on Monday. The business’s 50-day simple moving average is $21.50 and its 200-day simple moving average is $23.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. Green Plains has a one year low of $18.75 and a one year high of $36.02. The stock has a market capitalization of $1.31 billion, a P/E ratio of -16.41 and a beta of 1.62.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $597.20 million for the quarter, compared to analyst estimates of $654.40 million. During the same quarter last year, the firm posted ($1.20) EPS. The firm’s revenue for the quarter was down 28.3% on a year-over-year basis. Analysts anticipate that Green Plains will post 0.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the acquisition, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Green Plains

Institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC acquired a new stake in shares of Green Plains in the 4th quarter worth approximately $26,000. Covestor Ltd grew its holdings in Green Plains by 50.4% during the 3rd quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after buying an additional 853 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Green Plains during the 4th quarter valued at $88,000. iA Global Asset Management Inc. acquired a new stake in Green Plains during the 3rd quarter valued at $164,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Green Plains during the 4th quarter valued at $196,000.

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.