Green Plains (NASDAQ:GPRE) Raised to Hold 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 Tuesday.

GPRE has been the topic of a number of other reports. Craig Hallum reduced their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets decreased their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Truist Financial lowered their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Finally, UBS Group lowered their price objective 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Performance

Shares of NASDAQ GPRE traded down $0.05 during trading on Tuesday, reaching $11.07. The stock had a trading volume of 69,453 shares, compared to its average volume of 1,112,641. The firm’s 50 day moving average price is $12.47 and its two-hundred day moving average price is $15.08. Green Plains has a one year low of $10.74 and a one year high of $28.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.

Institutional Trading of Green Plains

A number of institutional investors have recently made changes to their positions in GPRE. Vanguard Group Inc. increased its stake in shares of 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 during the period. Thomist Capital Management LP acquired a new position in shares of Green Plains during the 2nd quarter valued at $1,011,000. Swiss National Bank raised its stake in shares of Green Plains by 14.1% in the 1st quarter. Swiss National Bank now owns 120,400 shares of the specialty chemicals company’s stock worth $2,784,000 after buying an additional 14,900 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Green Plains by 278.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company’s stock valued at $2,228,000 after buying an additional 103,400 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in shares of Green Plains by 3.6% in the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after buying an additional 65,637 shares during the period.

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.