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

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

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

Green Plains Trading Up 1.6 %

Shares of NASDAQ GPRE opened at $19.58 on Monday. 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 has a 12 month low of $18.75 and a 12 month high of $36.02. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -15.92 and a beta of 1.62. The business has a fifty day simple moving average of $21.52 and a 200-day simple moving average of $23.28.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data 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). The firm had revenue of $597.20 million for the quarter, compared to analysts’ expectations of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. Green Plains’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.20) earnings per share. Sell-side analysts predict that Green Plains will post 0.28 EPS for the current year.

Insider Activity at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III bought 4,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $1,011,778.49. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Green Plains

Large investors have recently bought and sold shares of the business. William Blair Investment Management LLC lifted its position in shares of Green Plains by 0.5% in 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. ProShare Advisors LLC lifted its holdings in Green Plains by 9.7% in the 1st quarter. ProShare Advisors LLC now owns 12,013 shares of the specialty chemicals company’s stock worth $278,000 after purchasing an additional 1,063 shares during the last quarter. Inspire Investing LLC boosted its position in Green Plains by 4.1% during the first quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock worth $398,000 after purchasing an additional 675 shares during the period. Clifford Capital Partners LLC acquired a new position in Green Plains during the first quarter valued at approximately $7,688,000. Finally, Swiss National Bank raised its position in shares of Green Plains by 14.1% in the first quarter. Swiss National Bank now owns 120,400 shares of the specialty chemicals company’s stock valued at $2,784,000 after purchasing an additional 14,900 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.