Green Plains (NASDAQ:GPRE) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research report released on Wednesday morning.

Other equities analysts have also issued reports about the company. Truist Financial dropped their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. UBS Group decreased their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Craig Hallum lowered their target price 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 downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets lowered 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 research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Green Plains presently has an average rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Stock Up 2.1 %

GPRE stock opened at $11.32 on Wednesday. Green Plains has a one year low of $10.36 and a one year high of $28.50. The stock has a market capitalization of $731.84 million, a P/E ratio of -29.17 and a beta of 1.53. The company has a 50 day moving average price of $12.24 and a two-hundred day moving average price of $14.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently made changes to their positions in GPRE. Louisiana State Employees Retirement System increased its holdings in Green Plains by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing an additional 700 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Green Plains by 0.7% in the second quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company’s stock worth $1,645,000 after buying an additional 739 shares during the period. ProShare Advisors LLC boosted its position in shares of Green Plains by 9.7% in the first quarter. ProShare Advisors LLC now owns 12,013 shares of the specialty chemicals company’s stock worth $278,000 after buying an additional 1,063 shares during the period. New York State Teachers Retirement System grew its stake in shares of Green Plains by 2.3% in the third quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company’s stock valued at $843,000 after buying an additional 1,400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Green Plains by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company’s stock valued at $221,000 after buying an additional 1,456 shares during the period.

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.