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 report released on Thursday.

Other research analysts also recently issued reports about the stock. Truist Financial cut their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. UBS Group cut their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. BMO Capital Markets cut their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Finally, Craig Hallum cut their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Stock Up 1.4 %

GPRE opened at $10.82 on Thursday. The company has a 50 day moving average of $12.02 and a 200 day moving average of $14.40. The company has a market cap of $699.51 million, a PE ratio of -28.47 and a beta of 1.53. Green Plains has a 12 month low of $10.36 and a 12 month high of $28.50. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Green Plains

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Green Plains by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after acquiring an additional 447,825 shares in the last quarter. State Street Corp boosted its stake in Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after acquiring an additional 111,501 shares in the last quarter. Wolf Hill Capital Management LP boosted its stake in Green Plains by 13.7% during the second quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock worth $31,633,000 after acquiring an additional 240,849 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Green Plains by 3.6% during the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after acquiring an additional 65,637 shares in the last quarter. Finally, Kailix Advisors LLC raised its holdings in 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 buying an additional 382,517 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.