Green Plains (NASDAQ:GPRE) Upgraded at StockNews.com

StockNews.com upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a research note issued to investors on Friday.

A number of other analysts have also recently weighed in on GPRE. Truist Financial lowered their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Stephens upgraded Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, UBS Group decreased their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Stock Performance

Shares of NASDAQ GPRE opened at $10.58 on Friday. The business has a fifty day simple moving average of $11.72 and a 200 day simple moving average of $13.97. 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 market capitalization of $684.00 million, a price-to-earnings ratio of -27.84 and a beta of 1.44. Green Plains has a one year low of $10.18 and a one year high of $28.50.

Institutional Investors Weigh In On Green Plains

Hedge funds have recently modified their holdings of the business. Kailix Advisors LLC grew its stake in Green Plains by 39.8% in 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 purchasing an additional 382,517 shares in the last quarter. Lumbard & Kellner LLC acquired a new stake in shares of Green Plains in the second quarter valued at about $4,685,000. American Century Companies Inc. increased its stake in shares of Green Plains by 287.6% in 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 buying an additional 246,773 shares during the period. 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 worth $31,633,000 after purchasing an additional 240,849 shares during the period. Finally, Clifford Capital Partners LLC grew its stake in Green Plains by 53.7% during the second quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock worth $8,105,000 after purchasing an additional 178,484 shares during the period.

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.