Green Plains (NASDAQ:GPRE) PT Lowered to $17.00 at BMO Capital Markets

Green Plains (NASDAQ:GPRE) had its price objective lowered by BMO Capital Markets from $22.00 to $17.00 in a research report sent to investors on Wednesday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the specialty chemicals company’s stock.

A number of other brokerages have also recently commented on GPRE. StockNews.com cut shares of Green Plains from a hold rating to a sell rating in a research note on Monday, May 6th. Roth Mkm cut their price target on shares of Green Plains from $55.00 to $40.00 and set a buy rating for the company in a research note on Monday, May 6th. Oppenheimer cut shares of Green Plains from an outperform rating to a market perform rating in a research note on Wednesday. Craig Hallum cut their price target on shares of Green Plains from $37.00 to $34.00 and set a buy rating for the company in a research note on Monday, May 6th. Finally, Bank of America cut their price target on shares of Green Plains from $29.00 to $26.00 and set a buy rating for the company in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $26.78.

Green Plains Stock Performance

Shares of NASDAQ GPRE traded down $1.00 during mid-day trading on Wednesday, hitting $13.21. The company had a trading volume of 1,230,765 shares, compared to its average volume of 1,146,968. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.75 and a quick ratio of 1.18. The business’s 50-day simple moving average is $16.04 and its 200-day simple moving average is $19.39. Green Plains has a 12 month low of $12.77 and a 12 month high of $34.62. The firm has a market cap of $853.62 million, a P/E ratio of -10.74 and a beta of 1.58.

Green Plains (NASDAQ:GPRE) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same quarter in the previous year, the business posted ($0.89) EPS. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. As a group, analysts predict that Green Plains will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Green Plains

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of Green Plains in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in Green Plains during the 4th quarter worth $88,000. Crewe Advisors LLC acquired a new stake in Green Plains during the 1st quarter worth $150,000. Equitable Trust Co. acquired a new stake in Green Plains during the 2nd quarter worth $191,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Green Plains during the 4th quarter worth $196,000.

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.