Green Plains (NASDAQ:GPRE) Downgraded to “Neutral” Rating by Bank of America

Bank of America lowered shares of Green Plains (NASDAQ:GPRE) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. Bank of America currently has $4.50 price objective on the specialty chemicals company’s stock, down from their previous price objective of $10.00.

GPRE has been the subject of several other reports. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.50 to $7.00 in a research note on Tuesday, March 4th. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Truist Financial restated a “buy” rating and set a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, BMO Capital Markets cut their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Green Plains has a consensus rating of “Hold” and an average target price of $16.50.

Green Plains Stock Down 6.2 %

Shares of Green Plains stock opened at $3.62 on Tuesday. The company has a fifty day moving average price of $5.28 and a 200 day moving average price of $8.84. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Green Plains has a twelve month low of $3.26 and a twelve month high of $22.75. The stock has a market cap of $234.32 million, a price-to-earnings ratio of -2.66 and a beta of 1.20.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the business posted $0.13 earnings per share. Equities research analysts forecast that Green Plains will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently added to or reduced their stakes in GPRE. SG Americas Securities LLC increased its stake in Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock valued at $355,000 after purchasing an additional 1,488 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Green Plains by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company’s stock valued at $346,000 after buying an additional 1,596 shares during the period. Diametric Capital LP grew its position in shares of Green Plains by 11.6% during the 4th quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 2,388 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Green Plains by 28.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock worth $108,000 after acquiring an additional 2,503 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 2,717 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.