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

Green Plains (NASDAQ:GPRE) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

GPRE has been the topic of a number of other reports. Truist Financial dropped their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Stephens raised Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, BMO Capital Markets lowered their price objective on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.31.

Green Plains Stock Down 4.8 %

GPRE stock opened at $6.20 on Monday. Green Plains has a fifty-two week low of $6.10 and a fifty-two week high of $24.84. The business’s 50 day moving average price is $9.57 and its two-hundred day moving average price is $11.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The company has a market capitalization of $400.83 million, a price-to-earnings ratio of -16.32, a price-to-earnings-growth ratio of 3.69 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) 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 in the prior year, the firm earned $0.13 earnings per share. As a group, analysts forecast that Green Plains will post -1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Plains

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPRE. Van ECK Associates Corp lifted its holdings in shares of Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 2,717 shares during the period. Quest Partners LLC bought a new position in shares of Green Plains during the 3rd quarter valued at $52,000. nVerses Capital LLC bought a new position in shares of Green Plains during the 3rd quarter valued at $65,000. KBC Group NV lifted its holdings in shares of Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 3,320 shares during the period. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock valued at $67,000 after buying an additional 5,450 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.