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

StockNews.com lowered shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research note published on Wednesday.

Several other research analysts have also weighed in on GPRE. BMO Capital Markets decreased their price objective 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. UBS Group decreased their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research note on Monday, August 19th. Truist Financial lowered their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Craig Hallum reduced their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Stock Up 2.1 %

GPRE stock opened at $11.32 on Wednesday. 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 firm has a 50 day simple moving average of $12.22 and a 200-day simple moving average of $14.65. The company has a market capitalization of $731.84 million, a P/E ratio of -29.79 and a beta of 1.53. Green Plains has a twelve month low of $10.36 and a twelve month high of $28.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GPRE. Louisiana State Employees Retirement System lifted its stake in Green Plains by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 700 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Green Plains by 0.7% in the 2nd quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company’s stock worth $1,645,000 after acquiring an additional 739 shares during the period. ProShare Advisors LLC lifted its position in Green Plains by 9.7% in the 1st quarter. ProShare Advisors LLC now owns 12,013 shares of the specialty chemicals company’s stock valued at $278,000 after purchasing an additional 1,063 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Green Plains by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company’s stock valued at $843,000 after purchasing an additional 1,400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Green Plains by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 1,456 shares during 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.