Green Plains (NASDAQ:GPRE) Rating Reiterated by Truist Financial

Green Plains (NASDAQ:GPRE)‘s stock had its “buy” rating reiterated by equities research analysts at Truist Financial in a report released on Tuesday, Benzinga reports. They currently have a $35.00 price target on the specialty chemicals company’s stock. Truist Financial’s target price would suggest a potential upside of 55.90% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. UBS Group reduced their price target on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research report on Monday, March 4th. The Goldman Sachs Group lowered their price objective on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $55.00 price target on shares of Green Plains in a report on Monday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Green Plains has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Green Plains Stock Up 3.6 %

Shares of NASDAQ GPRE opened at $22.45 on Tuesday. The stock has a market cap of $1.44 billion, a P/E ratio of -13.86 and a beta of 1.60. The business’s fifty day simple moving average is $21.59 and its 200-day simple moving average is $25.02. Green Plains has a 12-month low of $19.44 and a 12-month high of $36.02. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The business had revenue of $712.39 million for the quarter, compared to analysts’ expectations of $782.01 million. During the same quarter in the previous year, the firm earned ($0.66) EPS. Green Plains’s revenue for the quarter was down 22.1% compared to the same quarter last year. As a group, equities analysts predict that Green Plains will post 0.78 EPS for the current fiscal year.

Insider Activity at Green Plains

In other news, Director Ejnar A. Knudsen III bought 4,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the completion of the transaction, the director now owns 40,913 shares in the company, valued at $1,011,778.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Green Plains

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in shares of Green Plains in the fourth quarter valued at approximately $26,000. Pinebridge Investments L.P. purchased a new stake in Green Plains in the 2nd quarter valued at approximately $33,000. Covestor Ltd grew its holdings in Green Plains by 8,023.1% during the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 1,043 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Green Plains during the first quarter worth $46,000. Finally, Natixis acquired a new position in shares of Green Plains in the second quarter worth $58,000.

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.