Green Plains (NASDAQ:GPRE) Rating Lowered to Sell at StockNews.com

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

A number of other research analysts also recently commented on GPRE. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets dropped their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial reduced their price target on 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 dropped their price target 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 reduced their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Down 0.6 %

Shares of Green Plains stock opened at $10.55 on Wednesday. Green Plains has a twelve month low of $10.36 and a twelve 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 stock has a market capitalization of $682.06 million, a price-to-earnings ratio of -27.76 and a beta of 1.53. The business’s 50 day simple moving average is $12.32 and its 200-day simple moving average is $14.83.

Hedge Funds Weigh In On Green Plains

Several institutional investors and hedge funds have recently made changes to their positions in GPRE. Vanguard Group Inc. lifted its position in Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after acquiring an additional 447,825 shares during the period. State Street Corp lifted its holdings in shares of Green Plains by 2.9% in 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 last quarter. Wolf Hill Capital Management LP increased its position in Green Plains by 13.7% during 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 grew its position in shares of Green Plains by 3.6% in the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after buying an additional 65,637 shares during the last quarter. Finally, Kailix Advisors LLC lifted its stake in Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after acquiring an additional 382,517 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.