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

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

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

Green Plains Stock Performance

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 has a 50 day moving average price of $9.66 and a 200 day moving average price of $11.85. The stock has a market capitalization of $420.87 million, a PE ratio of -17.13, a price-to-earnings-growth 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 announced its quarterly earnings data 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 return on equity of 4.81% and a negative net margin of 0.79%. During the same period in the prior year, the firm posted $0.13 EPS. Analysts predict that Green Plains will post -1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Green Plains

A number of institutional investors have recently made changes to their positions in GPRE. Van ECK Associates Corp boosted its position in shares of Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 2,717 shares during the period. Quest Partners LLC acquired a new position in Green Plains in the 3rd quarter valued at $52,000. KBC Group NV lifted its position in shares of Green Plains by 120.7% during 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 during the period. nVerses Capital LLC acquired a new stake in shares of Green Plains during the 3rd quarter worth $65,000. Finally, Cape Investment Advisory Inc. increased its position in shares of Green Plains by 340.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after purchasing an additional 5,450 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.