Green Plains (NASDAQ:GPRE) Rating Lowered to Neutral at UBS Group

Green Plains (NASDAQ:GPRE) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat reports. They presently have a $7.00 price objective on the specialty chemicals company’s stock, down from their prior price objective of $20.50. UBS Group’s target price points to a potential upside of 26.13% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Truist Financial reissued a “buy” rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Stephens raised Green Plains to a “hold” rating in a research report on Monday, December 2nd. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets decreased their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.50.

Green Plains Trading Up 11.0 %

NASDAQ:GPRE opened at $5.55 on Tuesday. The stock has a 50-day simple moving average of $8.17 and a 200-day simple moving average of $10.69. The stock has a market cap of $359.25 million, a P/E ratio of -4.08 and a beta of 1.44. Green Plains has a 1 year low of $4.87 and a 1 year high of $24.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same period last year, the firm earned $0.13 EPS. As a group, analysts anticipate that Green Plains will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of Green Plains

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in 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 worth $32,000 after acquiring an additional 2,717 shares during the period. Quest Partners LLC acquired a new stake in Green Plains during the 3rd quarter worth approximately $52,000. Dauntless Investment Group LLC acquired a new stake in Green Plains during the 4th quarter worth approximately $54,000. KBC Group NV lifted its position in Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 3,320 shares during the period. Finally, Cape Investment Advisory Inc. lifted its position in 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 worth $67,000 after acquiring an additional 5,450 shares during the period.

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.