Green Plains (NASDAQ:GPRE) Given “Buy” Rating at Truist Financial

Green Plains (NASDAQ:GPRE)‘s stock had its “buy” rating reiterated by equities researchers at Truist Financial in a research note issued on Thursday,Benzinga reports. They presently have a $12.00 price objective on the specialty chemicals company’s stock, down from their prior price objective of $18.00. Truist Financial’s target price suggests a potential upside of 79.91% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. BMO Capital Markets lowered their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. Finally, Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.56.

Green Plains Stock Performance

NASDAQ GPRE opened at $6.67 on Thursday. The stock has a market cap of $431.22 million, a PE ratio of -17.55, a P/E/G ratio of 3.69 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. Green Plains has a twelve month low of $5.96 and a twelve month high of $24.12. The stock has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $11.61.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share 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 earned $0.13 EPS. Equities analysts anticipate that Green Plains will post -1.02 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

A number of hedge funds have recently bought and sold shares of GPRE. CenterBook Partners LP acquired a new stake in shares of Green Plains during the 4th quarter worth about $10,940,000. Assenagon Asset Management S.A. raised its position in shares of Green Plains by 1,122.1% during 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 acquiring an additional 646,507 shares in the last quarter. Invesco Ltd. raised its position in shares of Green Plains by 92.0% during the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after acquiring an additional 488,870 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Green Plains during the 4th quarter worth about $4,249,000. Finally, Trexquant Investment LP raised its position in shares of Green Plains by 177.5% during the 4th quarter. Trexquant Investment LP now owns 469,639 shares of the specialty chemicals company’s stock worth $4,452,000 after acquiring an additional 300,413 shares in the last quarter.

About Green Plains

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.