Green Plains (NASDAQ:GPRE) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

Several other research firms have also recently weighed in on GPRE. Truist Financial decreased their price objective 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. UBS Group reduced their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. BMO Capital Markets reduced their target price on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Craig Hallum reduced their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Green Plains has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Up 1.4 %

Shares of Green Plains stock opened at $10.82 on Thursday. 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 stock has a market capitalization of $699.51 million, a PE ratio of -28.47 and a beta of 1.53. Green Plains has a 52-week low of $10.36 and a 52-week high of $28.50. The company has a 50-day simple moving average of $12.02 and a two-hundred day simple moving average of $14.40.

Hedge Funds Weigh In On Green Plains

Several institutional investors have recently bought and sold shares of GPRE. Vanguard Group Inc. grew its stake in Green Plains by 10.6% during the first 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 in the last quarter. Kailix Advisors LLC grew its stake in Green Plains by 39.8% during the second 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 in the last quarter. Lumbard & Kellner LLC purchased a new position in Green Plains during the second quarter valued at $4,685,000. American Century Companies Inc. grew its stake in Green Plains by 287.6% during the second quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock valued at $5,275,000 after acquiring an additional 246,773 shares in the last quarter. Finally, Wolf Hill Capital Management LP grew its stake in Green Plains by 13.7% during the second 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 acquiring an additional 240,849 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.