Green Plains Inc. (NASDAQ:GPRE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $25.50.

Several equities research analysts have recently weighed in on GPRE shares. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, Truist Financial lowered their target price 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.

Green Plains Price Performance

Shares of Green Plains stock opened at $9.21 on Friday. Green Plains has a twelve month low of $8.96 and a twelve month high of $26.04. The firm has a market cap of $595.44 million, a P/E ratio of -24.24 and a beta of 1.44. The firm’s 50-day simple moving average is $11.09 and its 200-day simple moving average is $13.41. 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

Large investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Green Plains during the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Green Plains in the 2nd quarter valued at $41,000. Quest Partners LLC bought a new stake in shares of Green Plains in the third quarter valued at about $52,000. nVerses Capital LLC acquired a new position in shares of Green Plains during the 3rd quarter worth approximately $65,000. Finally, Everence Capital Management Inc. acquired a new stake in Green Plains during the third quarter worth approximately $153,000.

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.