Green Plains (NASDAQ:GPRE) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a report issued on Monday.

GPRE has been the topic of several other reports. Stephens raised Green Plains to a “hold” rating in a research report on Monday, December 2nd. Truist Financial dropped their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, BMO Capital Markets decreased their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Green Plains currently has a consensus rating of “Hold” and an average price target of $23.31.

Green Plains Stock Up 0.5 %

Shares of NASDAQ:GPRE opened at $6.23 on Monday. The stock has a 50-day simple moving average of $9.48 and a 200-day simple moving average of $11.69. The stock has a market capitalization of $402.77 million, a P/E ratio of -16.39, a PEG ratio of 3.69 and a beta of 1.44. Green Plains has a 1 year low of $5.98 and a 1 year high of $24.21. 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 (NASDAQ:GPRE) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the company earned $0.13 EPS. Equities analysts forecast that Green Plains will post -1.02 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after buying an additional 59,564 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after purchasing an additional 159,147 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Green Plains in the 3rd quarter valued at about $840,000. Assenagon Asset Management S.A. raised its stake in Green Plains by 1,122.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after buying an additional 646,507 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Green Plains by 29.5% during the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after purchasing an additional 126,795 shares during the last quarter.

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.