Green Plains (NASDAQ:GPRE) Sets New 12-Month Low – What’s Next?

Green Plains Inc. (NASDAQ:GPRE) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.65 and last traded at $8.94, with a volume of 96328 shares traded. The stock had previously closed at $8.93.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stephens upgraded shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Truist Financial cut their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Price Performance

The business’s 50 day moving average is $10.07 and its two-hundred day moving average is $12.31. The firm has a market cap of $577.65 million, a P/E ratio of -23.54, a P/E/G ratio of 1.18 and a beta of 1.46. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently bought and sold shares of the company. Clearbridge Investments LLC raised its stake in Green Plains by 0.7% during the second quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company’s stock worth $1,645,000 after buying an additional 739 shares during the last quarter. New York State Teachers Retirement System increased its stake in Green Plains by 2.3% in the third quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company’s stock valued at $843,000 after purchasing an additional 1,400 shares in the last quarter. SG Americas Securities LLC increased its stake in Green Plains by 4.1% in the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock valued at $355,000 after purchasing an additional 1,488 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Green Plains in the second quarter valued at $41,000. Finally, KBC Group NV increased its stake in Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 3,320 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.