Green Plains (NASDAQ:GPRE) Price Target Cut to $28.00

Green Plains (NASDAQ:GPRE) had its price target lowered by UBS Group from $31.00 to $28.00 in a research note released on Monday, Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Several other equities analysts have also commented on GPRE. Roth Mkm cut their price target on Green Plains from $55.00 to $40.00 and set a buy rating on the stock in a research note on Monday, May 6th. Bank of America dropped their price objective on Green Plains from $29.00 to $26.00 and set a buy rating on the stock in a research report on Tuesday, May 7th. The Goldman Sachs Group dropped their price objective on Green Plains from $39.00 to $34.00 and set a buy rating on the stock in a research report on Tuesday, January 30th. Craig Hallum dropped their price objective on Green Plains from $37.00 to $34.00 and set a buy rating on the stock in a research report on Monday, May 6th. Finally, StockNews.com downgraded Green Plains from a hold rating to a sell rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $30.38.

Green Plains Stock Performance

NASDAQ:GPRE opened at $19.40 on Monday. The stock’s fifty day moving average is $21.27 and its 200 day moving average is $22.71. Green Plains has a fifty-two week low of $18.42 and a fifty-two week high of $36.02. The firm has a market capitalization of $1.25 billion, a PE ratio of -15.77 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75.

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 analysts’ consensus estimates of ($0.33) by ($0.48). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The business had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $654.40 million. During the same quarter in the previous year, the business earned ($1.20) EPS. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, sell-side analysts anticipate that Green Plains will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

Institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in Green Plains in the fourth quarter worth about $26,000. Covestor Ltd lifted its holdings in shares of Green Plains by 50.4% during the third quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock worth $76,000 after purchasing an additional 853 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Green Plains during the fourth quarter worth about $88,000. iA Global Asset Management Inc. acquired a new stake in shares of Green Plains during the third quarter worth about $164,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Green Plains during the first quarter worth about $150,000.

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.