Equities research analysts at UBS Group assumed coverage on shares of Green Plains (NASDAQ:GPRE – Get Rating) in a note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the specialty chemicals company’s stock.
Several other brokerages also recently issued reports on GPRE. Bank of America cut their target price on shares of Green Plains from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. BMO Capital Markets downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $45.00 to $31.00 in a research report on Monday, October 24th. StockNews.com started coverage on shares of Green Plains in a research report on Wednesday, October 12th. They set a “sell” rating for the company. Finally, Truist Financial cut their price objective on shares of Green Plains from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Green Plains presently has a consensus rating of “Hold” and a consensus target price of $40.50.
Green Plains Stock Performance
NASDAQ:GPRE traded up $0.50 during mid-day trading on Tuesday, hitting $31.25. The stock had a trading volume of 786,192 shares, compared to its average volume of 1,051,530. Green Plains has a twelve month low of $26.09 and a twelve month high of $41.25. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -16.62 and a beta of 1.70. The company’s 50 day simple moving average is $31.12 and its 200 day simple moving average is $32.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 2.22.
Green Plains (NASDAQ:GPRE – Get Rating) last issued its earnings results on Thursday, November 3rd. The specialty chemicals company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.09). Green Plains had a negative net margin of 2.76% and a negative return on equity of 10.48%. The firm had revenue of $954.98 million during the quarter, compared to analyst estimates of $961.00 million. On average, equities research analysts forecast that Green Plains will post -2.06 earnings per share for the current year.
Insider Transactions at Green Plains
In other Green Plains news, CFO James E. Stark bought 787 shares of the stock in a transaction dated Tuesday, December 6th. The shares were bought at an average cost of $31.85 per share, with a total value of $25,065.95. Following the completion of the acquisition, the chief financial officer now owns 11,184 shares of the company’s stock, valued at $356,210.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in GPRE. Covestor Ltd increased its stake in Green Plains by 8,023.1% in the first quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 1,043 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Green Plains in the first quarter valued at approximately $46,000. Point72 Hong Kong Ltd increased its stake in Green Plains by 39.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 539 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Green Plains by 106.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,420 shares of the specialty chemicals company’s stock valued at $66,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Quent Capital LLC bought a new position in Green Plains in the second quarter valued at approximately $82,000.
About Green Plains
Green Plains, Inc engages in the production of fuel-grade ethanol and corn oil, the provision of grain handling, and storage commodity marketing and distribution services. It operates through the following segments: Ethanol Production, Agribusiness and Energy Services and Partnership. The Ethanol Production segment produces ethanol, distillers grain, and corn oil at ethanol plants in Indiana, Iowa, Minnesota, Nebraska, Tennessee, and Texas.