Green Plains (NASDAQ:GPRE) Rating Reiterated by Stephens

Green Plains (NASDAQ:GPRE)‘s stock had its “equal weight” rating reiterated by research analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They currently have a $24.00 price objective on the specialty chemicals company’s stock. Stephens’ price objective indicates a potential upside of 22.57% from the company’s previous close.

GPRE has been the topic of a number of other reports. Craig Hallum cut their price objective on shares of Green Plains from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday. Bank of America decreased their price objective on Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group cut their target price on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. UBS Group decreased their price target on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Green Plains Price Performance

Shares of GPRE opened at $19.58 on Tuesday. The stock has a market cap of $1.27 billion, a P/E ratio of -15.92 and a beta of 1.62. Green Plains has a 1 year low of $18.75 and a 1 year high of $36.02. The stock’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $23.28. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last issued its earnings results 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). The firm had revenue of $597.20 million during the quarter, compared to the consensus estimate of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The firm’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same period in the previous year, the company posted ($1.20) EPS. On average, equities analysts predict that Green Plains will post 0.28 earnings per share for the current year.

Insider Activity

In other Green Plains news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s 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 purchase, the director now owns 40,913 shares in the company, valued at $1,011,778.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Green Plains

A number of institutional investors have recently made changes to their positions in GPRE. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Green Plains by 24.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,580 shares of the specialty chemicals company’s stock valued at $288,000 after purchasing an additional 1,865 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Green Plains by 9.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,664 shares of the specialty chemicals company’s stock valued at $772,000 after acquiring an additional 2,168 shares in the last quarter. Inspire Investing LLC increased its position in Green Plains by 3.6% during the third quarter. Inspire Investing LLC now owns 11,519 shares of the specialty chemicals company’s stock worth $347,000 after acquiring an additional 402 shares during the period. Kailix Advisors LLC raised its stake in Green Plains by 17.1% in the 3rd quarter. Kailix Advisors LLC now owns 513,206 shares of the specialty chemicals company’s stock worth $15,448,000 after purchasing an additional 75,100 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. boosted its holdings in Green Plains by 2.0% in the 3rd quarter. Mesirow Institutional Investment Management Inc. now owns 269,878 shares of the specialty chemicals company’s stock valued at $8,123,000 after purchasing an additional 5,259 shares during the period.

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.