Green Plains (NASDAQ:GPRE) Earns “Buy” Rating from Truist Financial

Green Plains (NASDAQ:GPRE)‘s stock had its “buy” rating reaffirmed by research analysts at Truist Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $12.00 price objective on the specialty chemicals company’s stock, down from their previous price objective of $18.00. Truist Financial’s price target indicates a potential upside of 92.62% from the stock’s previous close.

Several other brokerages also recently weighed in on GPRE. BMO Capital Markets reduced their target price on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday. Stephens raised shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Green Plains currently has a consensus rating of “Hold” and a consensus price target of $22.56.

Green Plains Trading Up 0.5 %

Shares of NASDAQ GPRE opened at $6.23 on Thursday. Green Plains has a 1-year low of $5.98 and a 1-year high of $24.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The business’s 50 day moving average is $9.48 and its two-hundred day moving average is $11.69. The stock has a market capitalization of $402.77 million, a P/E ratio of -16.39, a PEG ratio of 3.69 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) 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 previous year, the firm posted $0.13 earnings per share. As a group, research analysts expect that Green Plains will post -1.02 EPS for the current year.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently added to or reduced their stakes in GPRE. State Street Corp boosted its holdings in shares of Green Plains by 2.9% in the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after purchasing an additional 111,501 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Green Plains by 21.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock worth $13,286,000 after purchasing an additional 250,738 shares during the period. Kailix Advisors LLC raised its position in Green Plains by 15.3% during the 4th quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after purchasing an additional 174,519 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after buying an additional 646,507 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Green Plains by 12.8% during the 4th quarter. American Century Companies Inc. now owns 626,159 shares of the specialty chemicals company’s stock worth $5,936,000 after buying an additional 71,065 shares in the last quarter.

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.