Green Plains (NASDAQ:GPRE) Upgraded 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 morning.

A number of other equities research analysts also recently weighed in on GPRE. Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets decreased 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 cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. UBS Group reduced their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, Craig Hallum dropped their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Down 0.2 %

GPRE stock opened at $10.80 on Thursday. The firm’s 50-day moving average is $11.97 and its two-hundred day moving average is $14.27. The company has a market capitalization of $698.22 million, a price-to-earnings ratio of -28.42 and a beta of 1.53. Green Plains has a 52 week low of $10.36 and a 52 week 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.

Hedge Funds Weigh In On Green Plains

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Green Plains by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after purchasing an additional 447,825 shares in the last quarter. State Street Corp boosted its position in Green Plains by 2.9% during the 3rd 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 during the period. Wolf Hill Capital Management LP increased its holdings in shares of Green Plains by 13.7% in 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 during the period. William Blair Investment Management LLC lifted its position in shares of Green Plains by 3.6% in 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 purchasing an additional 65,637 shares in the last quarter. Finally, Kailix Advisors LLC boosted its holdings in shares of Green Plains by 39.8% during the second 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 during the period.

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.