Green Plains Inc. (NASDAQ:GPRE) Given Average Rating of “Moderate Buy” by Analysts

Green Plains Inc. (NASDAQ:GPRE) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $25.50.

GPRE has been the topic of a number of research reports. UBS Group reduced their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. BMO Capital Markets reduced their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Truist Financial dropped their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Craig Hallum reduced their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th.

Green Plains Stock Performance

NASDAQ GPRE opened at $10.80 on Monday. The firm’s fifty day moving average price is $11.97 and its two-hundred day moving average price is $14.34. The stock has a market cap of $698.23 million, a PE ratio of -28.42 and a beta of 1.53. 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 has a fifty-two week low of $10.36 and a fifty-two week high of $28.50.

Hedge Funds Weigh In On Green Plains

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in Green Plains by 71.5% during the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after acquiring an additional 59,564 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Green Plains in the third quarter worth approximately $155,000. State Street Corp lifted its stake in Green Plains by 2.9% in the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after buying an additional 111,501 shares during the period. Quarry LP boosted its holdings in shares of 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 buying an additional 11,726 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of 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 buying an additional 126,795 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.