Craig Hallum Cuts Green Plains (NASDAQ:GPRE) Price Target to $34.00

Green Plains (NASDAQ:GPRE) had its price objective reduced by equities research analysts at Craig Hallum from $37.00 to $34.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Craig Hallum’s target price points to a potential upside of 69.49% from the stock’s current price.

Other research analysts have also issued research reports about the stock. TheStreet lowered shares of Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group cut their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Truist Financial restated a “buy” rating and issued a $35.00 target price on shares of Green Plains in a research note on Tuesday, March 26th. BMO Capital Markets cut their price target on Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Roth Mkm lowered their price target on Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Green Plains Stock Down 0.5 %

Shares of GPRE stock traded down $0.11 on Monday, reaching $20.06. 784,514 shares of the company’s stock traded hands, compared to its average volume of 1,207,820. The company has a market capitalization of $1.30 billion, a P/E ratio of -16.24 and a beta of 1.62. Green Plains has a 12-month low of $19.44 and a 12-month high of $36.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. The business’s 50 day moving average price is $21.65 and its two-hundred day moving average price is $23.42.

Green Plains (NASDAQ:GPRE) last released its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.48). The business 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%. The company’s revenue was down 28.3% compared to the same quarter last year. During the same period last year, the firm earned ($1.20) EPS. On average, equities analysts forecast that Green Plains will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought 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 filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Green Plains

Institutional investors have recently made changes to their positions in the business. Inspire Investing LLC raised its holdings in Green Plains by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 11,519 shares of the specialty chemicals company’s stock valued at $347,000 after acquiring an additional 402 shares in the last quarter. Future Fund LLC increased 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 purchasing an additional 550 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Green Plains by 6.3% during 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 during the period. Van ECK Associates Corp lifted its position in Green Plains by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 58,248 shares of the specialty chemicals company’s stock valued at $1,754,000 after purchasing an additional 674 shares during the period. Finally, Covestor Ltd lifted its holdings in Green Plains by 50.4% in the third quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after buying an additional 853 shares during the period.

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.