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

Green Plains (NASDAQ:GPRE) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Several other equities research analysts also recently issued reports on the company. Craig Hallum dropped their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Truist Financial dropped their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets reduced their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group decreased their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Price Performance

Green Plains stock opened at $10.55 on Wednesday. The company has a market cap of $682.06 million, a P/E ratio of -27.76 and a beta of 1.53. The business has a fifty day moving average of $12.32 and a two-hundred day moving average of $14.83. Green Plains has a one year low of $10.36 and a one year 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.

Institutional Investors Weigh In On Green Plains

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolf Hill Capital Management LP boosted its holdings in Green Plains by 3,036.9% during the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after purchasing an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after buying an additional 447,825 shares in the last quarter. Kailix Advisors LLC increased its holdings in Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after acquiring an additional 382,517 shares during the period. Lumbard & Kellner LLC bought a new stake in Green Plains during the 2nd quarter worth approximately $4,685,000. Finally, American Century Companies Inc. increased its holdings in shares of Green Plains by 287.6% in the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock worth $5,275,000 after buying an additional 246,773 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.