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

StockNews.com downgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a report released on Monday.

Other equities analysts have also issued research reports about the stock. Truist Financial dropped their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Stephens raised Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, BMO Capital Markets reduced their price objective on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.31.

Green Plains Trading Down 1.4 %

NASDAQ GPRE opened at $6.51 on Monday. The stock has a market capitalization of $420.87 million, a P/E ratio of -17.13, a P/E/G ratio of 3.69 and a beta of 1.44. The business has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $11.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. Green Plains has a one year low of $6.23 and a one year high of $24.84.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same quarter last year, the company posted $0.13 EPS. Research analysts expect that Green Plains will post -1.02 earnings per share for the current year.

Institutional Trading of Green Plains

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 2,717 shares during the last quarter. Quest Partners LLC bought a new position in Green Plains during the 3rd quarter valued at $52,000. nVerses Capital LLC purchased a new position in Green Plains during the 3rd quarter worth $65,000. KBC Group NV grew its stake in shares of Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 3,320 shares in the last quarter. Finally, Cape Investment Advisory Inc. raised its holdings in shares of Green Plains by 340.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 5,450 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.