Green Plains (NASDAQ:GPRE) Stock Rating Lowered by Jefferies Financial Group

Green Plains (NASDAQ:GPRE) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Tuesday, MarketBeat reports. They presently have a $6.00 price target on the specialty chemicals company’s stock, down from their previous price target of $14.00. Jefferies Financial Group’s price objective indicates a potential upside of 19.76% from the company’s current price.

A number of other analysts have also issued reports on GPRE. BMO Capital Markets lowered their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. UBS Group lowered Green Plains from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Finally, Truist Financial reissued a “buy” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.89.

Green Plains Stock Down 2.1 %

Shares of NASDAQ:GPRE opened at $5.01 on Tuesday. Green Plains has a 1 year low of $4.78 and a 1 year high of $24.04. The business has a 50 day simple moving average of $7.79 and a two-hundred day simple moving average of $10.40. The firm has a market capitalization of $324.29 million, a PE ratio of -3.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period in the previous year, the business posted $0.13 earnings per share. On average, equities analysts predict that Green Plains will post -0.5 EPS for the current year.

Hedge Funds Weigh In On Green Plains

A number of large investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its position in shares of Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock worth $355,000 after purchasing an additional 1,488 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Green Plains by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company’s stock worth $346,000 after purchasing an additional 1,596 shares in the last quarter. Diametric Capital LP increased its position in shares of Green Plains by 11.6% during the fourth quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company’s stock worth $217,000 after purchasing an additional 2,388 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Green Plains by 28.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 2,503 shares in the last quarter. Finally, Van ECK Associates Corp increased 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 worth $32,000 after purchasing an additional 2,717 shares in the last quarter.

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.