Green Plains (NASDAQ:GPRE) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Several other equities research analysts have also weighed in on GPRE. UBS Group dropped their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. BMO Capital Markets decreased their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Craig Hallum decreased their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial dropped their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Price Performance

GPRE stock opened at $11.16 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. Green Plains has a 1 year low of $10.74 and a 1 year high of $28.50. The firm has a 50-day moving average of $12.57 and a 200 day moving average of $15.18. The company has a market cap of $721.51 million, a P/E ratio of -29.37 and a beta of 1.53.

Institutional Trading of Green Plains

Several institutional investors have recently added to or reduced their stakes in GPRE. Wolf Hill Capital Management LP lifted its holdings in shares of Green Plains by 3,036.9% during the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock valued at $40,545,000 after purchasing an additional 1,697,784 shares in the last quarter. Vanguard Group Inc. lifted 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 acquiring an additional 447,825 shares during the period. Kailix Advisors LLC grew its stake in shares of Green Plains by 39.8% in the second quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after acquiring an additional 382,517 shares during the period. Lumbard & Kellner LLC bought a new stake in shares of Green Plains in the second quarter worth approximately $4,685,000. Finally, American Century Companies Inc. raised its holdings in shares of Green Plains by 287.6% during the second quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock valued at $5,275,000 after purchasing an additional 246,773 shares during 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.