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

Green Plains (NASDAQ:GPRE) had its price objective dropped by Roth Mkm from $55.00 to $40.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Roth Mkm’s price objective would suggest a potential upside of 107.47% from the stock’s current price.

Several other brokerages have also recently issued reports on GPRE. The Goldman Sachs Group decreased their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. UBS Group lowered their price objective on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Truist Financial reiterated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research report on Tuesday, March 26th. TheStreet lowered Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets cut their target price on Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.75.

Green Plains Price Performance

GPRE stock opened at $19.28 on Monday. The company has a market capitalization of $1.25 billion, a PE ratio of -15.67 and a beta of 1.62. The company’s fifty day moving average price is $21.56 and its 200-day moving average price is $23.31. Green Plains has a one year low of $19.27 and a one year high of $36.02. 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 (NASDAQ:GPRE) last released its quarterly earnings data 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 net margin of 2.43% and a negative return on equity of 7.86%. The company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period last year, the company earned ($1.20) EPS. The firm’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, equities analysts anticipate that Green Plains will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

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 stock was purchased at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the completion of the acquisition, the director now owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Green Plains

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in Green Plains in the fourth quarter worth about $26,000. Covestor Ltd raised its holdings in shares of Green Plains by 50.4% in the 3rd quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after purchasing an additional 853 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Green Plains in the 4th quarter worth approximately $88,000. iA Global Asset Management Inc. bought a new position in shares of Green Plains during the third quarter valued at approximately $164,000. Finally, Cape Investment Advisory Inc. purchased a new position in Green Plains during the fourth quarter valued at approximately $196,000.

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.