Truist Financial Reiterates Buy Rating for Green Plains (NASDAQ:GPRE)

Truist Financial restated their buy rating on shares of Green Plains (NASDAQ:GPRE) in a research report report published on Monday, Benzinga reports. Truist Financial currently has a $25.00 price target on the specialty chemicals company’s stock, down from their previous price target of $30.00.

GPRE has been the subject of a number of other reports. Bank of America cut their target price on shares of Green Plains from $29.00 to $26.00 and set a buy rating for the company in a report on Tuesday, May 7th. Roth Mkm decreased their target price on Green Plains from $55.00 to $40.00 and set a buy rating for the company in a research report on Monday, May 6th. Stephens reiterated an equal weight rating and set a $24.00 target price on shares of Green Plains in a research report on Tuesday, May 7th. StockNews.com downgraded Green Plains from a hold rating to a sell rating in a research report on Monday, May 6th. Finally, BMO Capital Markets decreased their target price on Green Plains from $25.00 to $22.00 and set a market perform rating for the company in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $26.78.

Green Plains Trading Up 2.2 %

Shares of GPRE opened at $14.44 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. Green Plains has a 1 year low of $13.57 and a 1 year high of $34.62. The company has a 50 day simple moving average of $16.17 and a two-hundred day simple moving average of $19.47. The firm has a market cap of $933.10 million, a P/E ratio of -11.74 and a beta of 1.58.

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

Institutional Trading of Green Plains

Several institutional investors and hedge funds have recently made changes to their positions in the company. Future Fund LLC raised its holdings in shares of Green Plains by 5.0% in the fourth quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock valued at $289,000 after acquiring an additional 550 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Green Plains by 6.3% in the first quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock valued at $256,000 after acquiring an additional 655 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Green Plains by 4.1% in the first quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock valued at $398,000 after acquiring an additional 675 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Green Plains by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after acquiring an additional 700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Green Plains by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock valued at $670,000 after acquiring an additional 901 shares in the last quarter.

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.