Green Plains Inc. (NASDAQ:GPRE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) has been given an average rating of "Moderate Buy" by the nine ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $25.50.

A number of research analysts have weighed in on GPRE shares. Stephens upgraded Green Plains to a "hold" rating in a 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 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.

Green Plains Price Performance

Green Plains stock traded up $0.16 during midday trading on Friday, reaching $9.38. The company had a trading volume of 2,495,811 shares, compared to its average volume of 1,115,384. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. Green Plains has a 12-month low of $9.12 and a 12-month high of $26.06. The company has a market capitalization of $606.43 million, a P/E ratio of -24.68 and a beta of 1.44. The firm's fifty day simple moving average is $11.23 and its 200-day simple moving average is $13.57.

Institutional Investors Weigh In On Green Plains

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in shares of Green Plains by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company's stock valued at $515,000 after purchasing an additional 700 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Green Plains by 0.7% in the 2nd quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company's stock worth $1,645,000 after acquiring an additional 739 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of 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 acquiring an additional 1,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Green Plains by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company's stock worth $221,000 after acquiring an additional 1,456 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Green Plains during the 2nd quarter worth approximately $29,000.

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.