Truist Financial Cuts Green Plains (NASDAQ:GPRE) Price Target to $18.00

Green Plains (NASDAQ:GPRE) had its target price lowered by stock analysts at Truist Financial from $25.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Truist Financial’s target price indicates a potential upside of 52.41% from the company’s current price.

GPRE has been the topic of a number of other reports. UBS Group reduced their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. BMO Capital Markets reduced their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Craig Hallum dropped their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Stock Up 0.9 %

NASDAQ GPRE traded up $0.11 during trading hours on Wednesday, reaching $11.81. 139,834 shares of the company traded hands, compared to its average volume of 1,086,302. Green Plains has a 12 month low of $11.63 and a 12 month high of $31.92. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $763.15 million, a PE ratio of -9.63 and a beta of 1.52. The company has a 50 day moving average of $13.38 and a two-hundred day moving average of $16.59.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The company had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. During the same quarter last year, the company earned ($0.89) earnings per share. The company’s revenue was down 27.8% compared to the same quarter last year. As a group, equities analysts expect that Green Plains will post -0.95 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after buying an additional 447,825 shares during the period. Wolf Hill Capital Management LP increased its stake in Green Plains by 13.7% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after buying an additional 240,849 shares during the period. William Blair Investment Management LLC increased its stake in Green Plains by 3.6% during the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after buying an additional 65,637 shares during the period. Kailix Advisors LLC increased its stake in Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after buying an additional 382,517 shares during the period. Finally, Masters Capital Management LLC increased its stake in Green Plains by 40.0% during the 1st quarter. Masters Capital Management LLC now owns 700,000 shares of the specialty chemicals company’s stock valued at $16,184,000 after buying an additional 200,000 shares during the period.

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.