Green Plains (NASDAQ:GPRE) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a report published on Wednesday morning.

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

Green Plains Price Performance

GPRE stock opened at $10.88 on Wednesday. The stock’s 50 day moving average is $12.29 and its two-hundred day moving average is $14.76. Green Plains has a 52-week low of $10.36 and a 52-week 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

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