Green Plains (NASDAQ:GPRE) Given New $7.00 Price Target at BMO Capital Markets

Green Plains (NASDAQ:GPRE - Get Free Report) had its price objective cut by stock analysts at BMO Capital Markets from $8.00 to $7.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "market perform" rating on the specialty chemicals company's stock. BMO Capital Markets' price target suggests a potential upside of 33.84% from the company's previous close.

Several other research firms also recently commented on GPRE. StockNews.com downgraded Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. UBS Group downgraded Green Plains from a "buy" rating to a "neutral" rating and cut their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Jefferies Financial Group downgraded Green Plains from a "buy" rating to a "hold" rating and cut their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Bank of America downgraded Green Plains from a "buy" rating to a "neutral" rating and cut their target price for the stock from $10.00 to $4.50 in a research report on Tuesday, April 15th. Finally, Truist Financial restated a "buy" rating and set a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.93.

Green Plains Stock Performance

Shares of GPRE stock traded up $0.18 during mid-day trading on Monday, reaching $5.23. The stock had a trading volume of 1,611,436 shares, compared to its average volume of 1,408,129. The firm's 50 day simple moving average is $4.30 and its 200 day simple moving average is $7.50. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. Green Plains has a one year low of $3.14 and a one year high of $19.80. The firm has a market cap of $342.04 million, a PE ratio of -3.85 and a beta of 1.19.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. During the same quarter in the prior year, the business posted ($0.81) EPS. Green Plains's revenue was up .7% compared to the same quarter last year. On average, analysts forecast that Green Plains will post -0.5 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its position in Green Plains by 4.1% in the 4th quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock valued at $355,000 after purchasing an additional 1,488 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Green Plains by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company's stock valued at $346,000 after purchasing an additional 1,596 shares during the last quarter. Diametric Capital LP raised its position in Green Plains by 11.6% in the 4th quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company's stock valued at $217,000 after purchasing an additional 2,388 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Green Plains by 28.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock valued at $108,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 2,717 shares during 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.