Green Plains (NASDAQ:GPRE) Given New $18.00 Price Target at Truist Financial

Green Plains (NASDAQ:GPRE) had its price objective trimmed by Truist Financial from $25.00 to $18.00 in a report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Several other analysts have also issued reports on the company. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. BMO Capital Markets reduced their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Craig Hallum dropped their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group cut their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, three have assigned 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 $25.50.

Green Plains Price Performance

Shares of Green Plains stock opened at $11.64 on Wednesday. The company has a 50-day simple moving average of $13.27 and a two-hundred day simple moving average of $16.40. Green Plains has a twelve month low of $11.62 and a twelve month high of $31.92. The stock has a market capitalization of $752.17 million, a price-to-earnings ratio of -9.46 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The business had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.89) earnings per share. Analysts forecast that Green Plains will post -0.95 EPS for the current year.

Hedge Funds Weigh In On Green Plains

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Green Plains during the fourth quarter worth $234,000. Goldman Sachs Group Inc. grew its position in Green Plains by 22.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 698,968 shares of the specialty chemicals company’s stock worth $17,628,000 after acquiring an additional 129,878 shares during the last quarter. Vanguard Group Inc. increased its holdings in Green Plains by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock worth $106,266,000 after purchasing an additional 53,320 shares in the last quarter. State of Alaska Department of Revenue raised its position in Green Plains by 6.9% in the first quarter. State of Alaska Department of Revenue now owns 39,149 shares of the specialty chemicals company’s stock valued at $905,000 after purchasing an additional 2,537 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Green Plains by 7.9% during the first quarter. Maryland State Retirement & Pension System now owns 23,347 shares of the specialty chemicals company’s stock valued at $540,000 after purchasing an additional 1,718 shares in the last quarter.

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.