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

Green Plains (NASDAQ:GPRE) had its target price decreased by investment analysts at Craig Hallum from $34.00 to $26.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Craig Hallum’s price target would suggest a potential upside of 77.96% from the company’s current price.

Several other research analysts have also weighed in on the stock. Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Bank of America lowered their target price on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Truist Financial restated a “buy” rating and set a $25.00 target price (down from $30.00) on shares of Green Plains in a research report on Monday. Roth Mkm lowered their target price on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Finally, BMO Capital Markets lowered their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.78.

Green Plains Stock Performance

NASDAQ GPRE traded up $0.48 on Wednesday, hitting $14.61. 1,063,551 shares of the company’s stock were exchanged, compared to its average volume of 1,142,162. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. The firm’s 50-day moving average price is $16.22 and its two-hundred day moving average price is $19.51. Green Plains has a fifty-two week low of $13.57 and a fifty-two week high of $34.62. The firm has a market cap of $944.08 million, a price-to-earnings ratio of -12.04 and a beta of 1.58.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The company had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. During the same quarter in the previous year, the company posted ($0.89) earnings per share. The company’s quarterly revenue was down 27.8% compared to the same quarter last year. On average, research analysts expect that Green Plains will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Several institutional investors and hedge funds have recently modified their holdings of GPRE. Quest Partners LLC purchased a new position in shares of Green Plains during the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in Green Plains during the fourth quarter worth approximately $88,000. Crewe Advisors LLC purchased a new position in Green Plains during the first quarter worth approximately $150,000. Equitable Trust Co. purchased a new position in Green Plains during the second quarter worth approximately $191,000. Finally, Cape Investment Advisory Inc. purchased a new position in Green Plains during the fourth quarter worth approximately $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.