Green Plains (NASDAQ:GPRE) Earns Buy Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of Green Plains (NASDAQ:GPRE) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $35.00 target price on the specialty chemicals company’s stock.

Several other equities analysts have also recently weighed in on GPRE. The Goldman Sachs Group reduced their price target on Green Plains from $39.00 to $34.00 and set a buy rating for the company in a research report on Tuesday, January 30th. Roth Mkm reiterated a buy rating and issued a $55.00 price target on shares of Green Plains in a research report on Monday, March 25th. TheStreet cut Green Plains from a c- rating to a d+ rating in a research report on Wednesday, February 7th. Finally, UBS Group reduced their price target 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $36.67.

Green Plains Stock Performance

Shares of GPRE opened at $23.12 on Tuesday. The firm has a market cap of $1.49 billion, a PE ratio of -14.27 and a beta of 1.60. The stock’s fifty day moving average price is $21.68 and its two-hundred day moving average price is $24.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.34. Green Plains has a 1 year low of $19.44 and a 1 year high of $36.02.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $712.39 million during the quarter, compared to the consensus estimate of $782.01 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The business’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.66) earnings per share. On average, equities research analysts forecast that Green Plains will post 0.68 EPS for the current year.

Insider Buying and Selling

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the purchase, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Green Plains

Several hedge funds have recently added to or reduced their stakes in GPRE. Quest Partners LLC bought a new stake in shares of Green Plains in the 4th quarter valued at about $26,000. Pinebridge Investments L.P. bought a new stake in shares of Green Plains in the 2nd quarter valued at about $33,000. Covestor Ltd lifted its stake in shares of Green Plains by 8,023.1% in the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 1,043 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Green Plains in the 1st quarter valued at about $46,000. Finally, Natixis bought a new stake in shares of Green Plains in the 2nd quarter valued at about $58,000.

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.