Green Plains Inc. (NASDAQ:GPRE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Green Plains Inc. (NASDAQ:GPRE) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.50.

GPRE has been the subject of a number of recent analyst reports. Craig Hallum lowered their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. BMO Capital Markets dropped their target price on shares of 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. Truist Financial reduced their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th.

Institutional Investors Weigh In On Green Plains

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in Green Plains in the 2nd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Green Plains in the 2nd quarter valued at approximately $41,000. Quest Partners LLC acquired a new position in shares of Green Plains in the 3rd quarter worth approximately $52,000. nVerses Capital LLC bought a new position in shares of Green Plains during the 3rd quarter worth approximately $65,000. Finally, DRW Securities LLC bought a new stake in Green Plains in the second quarter valued at $168,000.

Green Plains Price Performance

GPRE stock opened at $11.32 on Monday. The firm has a market cap of $731.84 million, a P/E ratio of -29.79 and a beta of 1.53. The stock has a 50-day simple moving average of $12.22 and a 200-day simple moving average of $14.62. Green Plains has a 1 year low of $10.36 and a 1 year high of $28.50. 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 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.