Green Plains (NASDAQ:GPRE) Reaches New 52-Week Low Following Analyst Downgrade

Green Plains Inc. (NASDAQ:GPRE)’s share price reached a new 52-week low on Tuesday after Bank of America lowered their price target on the stock from $29.00 to $26.00. Bank of America currently has a buy rating on the stock. Green Plains traded as low as $19.27 and last traded at $19.28, with a volume of 2243970 shares. The stock had previously closed at $19.90.

Several other equities analysts have also issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $35.00 price target on shares of Green Plains in a report on Tuesday, March 26th. TheStreet lowered Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Roth Mkm decreased their price objective on Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets dropped their target price on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday. Finally, The Goldman Sachs Group reduced their price target on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Green Plains currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Insider Transactions at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III acquired 4,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the transaction, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Green Plains

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Green Plains by 11.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock valued at $164,945,000 after purchasing an additional 584,257 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Green Plains by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock valued at $106,266,000 after buying an additional 53,320 shares in the last quarter. Broad Bay Capital Management LP grew its stake in shares of Green Plains by 17.6% in the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after buying an additional 352,000 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Green Plains by 0.5% during the first quarter. William Blair Investment Management LLC now owns 1,805,061 shares of the specialty chemicals company’s stock worth $41,733,000 after buying an additional 8,183 shares during the last quarter. Finally, Kailix Advisors LLC raised its position in Green Plains by 49.0% during the first quarter. Kailix Advisors LLC now owns 960,752 shares of the specialty chemicals company’s stock worth $22,213,000 after acquiring an additional 316,142 shares in the last quarter.

Green Plains Trading Up 1.6 %

The business’s 50 day simple moving average is $21.52 and its 200 day simple moving average is $23.28. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -15.92 and a beta of 1.62. The company has a quick ratio of 1.18, a current ratio of 1.75 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) earnings per share (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 analyst estimates of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter last year, the business posted ($1.20) earnings per share. On average, research analysts expect that Green Plains Inc. will post 0.28 EPS for the current fiscal year.

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.