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

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

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

Green Plains Price Performance

GPRE stock opened at $10.82 on Thursday. 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. The company has a 50-day moving average price of $12.08 and a 200 day moving average price of $14.43. The stock has a market cap of $699.51 million, a PE ratio of -28.47 and a beta of 1.53.

Institutional Trading of Green Plains

Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new stake in Green Plains during the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Green Plains during the 2nd quarter worth approximately $41,000. Quest Partners LLC purchased a new stake in Green Plains during the 3rd quarter worth approximately $52,000. nVerses Capital LLC purchased a new stake in Green Plains during the 3rd quarter worth approximately $65,000. Finally, DRW Securities LLC purchased a new stake in Green Plains during the 2nd quarter worth approximately $168,000.

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.