Green Plains (NASDAQ:GPRE) Raised to “Hold” at StockNews.com

Green Plains (NASDAQ:GPRE) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

GPRE has been the subject of a number of other reports. BMO Capital Markets cut their target price on 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 downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. UBS Group decreased their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. Truist Financial cut their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Craig Hallum decreased their price target 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Stock Down 3.0 %

Shares of NASDAQ:GPRE opened at $10.82 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. The stock has a market cap of $699.51 million, a P/E ratio of -28.47 and a beta of 1.53. Green Plains has a 1-year low of $10.74 and a 1-year high of $28.50. The firm has a fifty day moving average price of $12.47 and a 200 day moving average price of $15.08.

Institutional Investors Weigh In On Green Plains

A number of institutional investors have recently added to or reduced their stakes in GPRE. Vanguard Group Inc. grew its holdings 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 during the period. Wolf Hill Capital Management LP boosted its position in shares of Green Plains by 13.7% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after purchasing an additional 240,849 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Green Plains by 3.6% in the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after purchasing an additional 65,637 shares during the last quarter. Kailix Advisors LLC raised its holdings in shares of Green Plains by 39.8% in the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Green Plains by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock valued at $15,581,000 after purchasing an additional 159,147 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.