Green Plains (NASDAQ:GPRE) Upgraded by Stephens to “Hold” Rating

Green Plains (NASDAQ:GPRE) was upgraded by analysts at Stephens to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. UBS Group dropped their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Truist Financial dropped their price target 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. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets dropped their price target 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Trading Down 1.8 %

Shares of Green Plains stock opened at $10.45 on Monday. The firm has a market cap of $675.59 million, a price-to-earnings ratio of -27.50 and a beta of 1.44. The business has a 50-day moving average price of $11.84 and a 200-day moving average price of $14.13. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. Green Plains has a twelve month low of $10.21 and a twelve month high of $28.50.

Hedge Funds Weigh In On Green Plains

Several hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in shares of Green Plains by 71.5% in the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after acquiring an additional 59,564 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Green Plains during the 3rd quarter worth about $155,000. State Street Corp grew its position in Green Plains by 2.9% during the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after purchasing an additional 111,501 shares during the period. Quarry LP grew its position in Green Plains by 17.2% during the 3rd quarter. Quarry LP now owns 79,934 shares of the specialty chemicals company’s stock worth $1,082,000 after purchasing an additional 11,726 shares during the period. Finally, Point72 Asset Management L.P. grew its position in Green Plains by 29.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after purchasing an additional 126,795 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.