Green Plains (NASDAQ:GPRE) Raised 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 report report published on Thursday morning.

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

Green Plains Trading Down 0.2 %

Shares of NASDAQ GPRE opened at $10.80 on Thursday. The stock has a market cap of $698.22 million, a price-to-earnings ratio of -28.42 and a beta of 1.53. The business has a 50 day simple moving average of $11.97 and a 200 day simple moving average of $14.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains has a 52 week low of $10.36 and a 52 week high of $28.50.

Institutional Investors Weigh In On Green Plains

Several hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in Green Plains in the 2nd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Green Plains during the second quarter worth $41,000. Quest Partners LLC acquired a new stake in Green Plains during the third quarter worth $52,000. nVerses Capital LLC bought a new stake in Green Plains in the 3rd quarter valued at $65,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Green Plains in the 3rd quarter valued at $153,000.

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.