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

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

A number of other analysts have also commented on GPRE. Truist Financial reduced their price objective 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. BMO Capital Markets decreased their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.31.

Green Plains Trading Up 0.5 %

Green Plains stock opened at $6.23 on Monday. The firm has a market cap of $402.77 million, a price-to-earnings ratio of -16.39, a price-to-earnings-growth ratio of 3.69 and a beta of 1.44. Green Plains has a 1 year low of $5.98 and a 1 year high of $24.21. The firm’s 50 day moving average price is $9.48 and its two-hundred day moving average price is $11.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period last year, the firm earned $0.13 earnings per share. On average, research analysts predict that Green Plains will post -1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Plains

Institutional investors and hedge funds have recently modified their holdings of the stock. ExodusPoint Capital Management LP purchased a new stake in shares of Green Plains during the fourth quarter worth $785,000. Trexquant Investment LP increased its position in Green Plains by 177.5% in the 4th quarter. Trexquant Investment LP now owns 469,639 shares of the specialty chemicals company’s stock worth $4,452,000 after purchasing an additional 300,413 shares during the last quarter. Diametric Capital LP raised its stake in shares of Green Plains by 11.6% during the 4th quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company’s stock worth $217,000 after purchasing an additional 2,388 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Green Plains during the 4th quarter valued at about $480,000. Finally, Clearbridge Investments LLC grew its stake in shares of Green Plains by 2.7% in the 4th quarter. Clearbridge Investments LLC now owns 120,228 shares of the specialty chemicals company’s stock valued at $1,140,000 after buying an additional 3,200 shares in the last quarter.

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.