Green Plains Inc. (NASDAQ:GPRE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $25.50.

Several research analysts have commented on the company. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GPRE. Point72 Hong Kong Ltd acquired a new position in Green Plains during the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Green Plains during the 2nd quarter worth approximately $41,000. Quest Partners LLC acquired a new position in Green Plains during the 3rd quarter worth approximately $52,000. nVerses Capital LLC acquired a new position in Green Plains during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC raised its stake in Green Plains by 1,207.7% during the 4th quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock worth $133,000 after buying an additional 12,959 shares during the period.

Green Plains Stock Down 1.8 %

Shares of GPRE opened at $9.47 on Tuesday. The company has a market capitalization of $612.24 million, a PE ratio of -24.92 and a beta of 1.46. Green Plains has a 12 month low of $8.81 and a 12 month high of $25.24. The stock’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $12.75. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

Green Plains Company Profile

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.