Green Plains (NASDAQ:GPRE) Given New $8.00 Price Target at BMO Capital Markets

Green Plains (NASDAQ:GPRE) had its target price reduced by BMO Capital Markets from $13.00 to $8.00 in a research report sent to investors on Monday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the specialty chemicals company’s stock.

Several other equities analysts have also recently commented on GPRE. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Stephens raised shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, Truist Financial decreased their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.31.

Green Plains Trading Down 1.4 %

Shares of NASDAQ:GPRE opened at $6.51 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The stock’s 50-day moving average is $9.66 and its 200-day moving average is $11.85. The company has a market cap of $420.87 million, a P/E ratio of -17.13, a P/E/G ratio of 3.69 and a beta of 1.44. Green Plains has a 52-week low of $6.23 and a 52-week high of $24.84.

Green Plains (NASDAQ:GPRE) last released its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. During the same period last year, the business posted $0.13 earnings per share. Equities research analysts predict that Green Plains will post -1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its stake in shares of 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 period. Quest Partners LLC bought a new position in shares of Green Plains during the third quarter worth about $52,000. KBC Group NV lifted its stake in Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 3,320 shares in the last quarter. nVerses Capital LLC acquired a new position in Green Plains during the 3rd quarter worth approximately $65,000. Finally, Cape Investment Advisory Inc. grew its stake in shares of Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after acquiring an additional 5,450 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.