Green Plains (NASDAQ:GPRE) Raised to Hold at StockNews.com

Green Plains (NASDAQ:GPRE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other research firms have also recently weighed in on GPRE. UBS Group cut 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. Truist Financial cut their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Stephens upgraded shares of Green Plains to a “hold” rating in a research report on Monday. 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 company presently has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Price Performance

NASDAQ:GPRE opened at $10.39 on Friday. Green Plains has a 52 week low of $10.18 and a 52 week high of $28.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The firm’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $14.10. The firm has a market cap of $671.71 million, a price-to-earnings ratio of -27.34 and a beta of 1.44.

Institutional Trading of Green Plains

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in Green Plains by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 35,380 shares of the specialty chemicals company’s stock worth $818,000 after purchasing an additional 2,184 shares during the period. California State Teachers Retirement System increased its stake in shares of Green Plains by 6.1% in the 1st quarter. California State Teachers Retirement System now owns 60,799 shares of the specialty chemicals company’s stock valued at $1,406,000 after acquiring an additional 3,504 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Green Plains by 2.2% during 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 acquiring an additional 700 shares during the period. Bank of New York Mellon Corp boosted its stake in Green Plains by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 517,415 shares of the specialty chemicals company’s stock worth $8,206,000 after acquiring an additional 32,666 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Green Plains by 31.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 63,297 shares of the specialty chemicals company’s stock worth $1,004,000 after purchasing an additional 15,095 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.