Green Plains (NASDAQ:GPRE) Earns "Buy" Rating from Truist Financial

Green Plains (NASDAQ:GPRE - Get Free Report)'s stock had its "buy" rating restated by analysts at Truist Financial in a note issued to investors on Thursday,Benzinga reports. They presently have a $12.00 price objective on the specialty chemicals company's stock, down from their prior price objective of $18.00. Truist Financial's price objective would suggest a potential upside of 79.91% from the stock's previous close.

A number of other analysts also recently commented on GPRE. BMO Capital Markets lowered their target price on Green Plains from $13.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Finally, Stephens upgraded Green Plains to a "hold" rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $22.56.

Green Plains Stock Performance

Shares of GPRE stock traded up $0.13 during mid-day trading on Thursday, reaching $6.67. The stock had a trading volume of 2,115,403 shares, compared to its average volume of 1,236,183. The business's fifty day moving average is $9.24 and its 200-day moving average is $11.45. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The firm has a market cap of $431.22 million, a price-to-earnings ratio of -17.55, a PEG ratio of 3.69 and a beta of 1.44. Green Plains has a 1-year low of $5.96 and a 1-year high of $24.12.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its 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 previous year, the company posted $0.13 earnings per share. On average, research analysts forecast that Green Plains will post -1.02 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Several hedge funds and other institutional investors have recently made changes to their positions in GPRE. SG Americas Securities LLC lifted its position in shares of Green Plains by 106.8% in the third quarter. SG Americas Securities LLC now owns 35,991 shares of the specialty chemicals company's stock valued at $487,000 after acquiring an additional 18,588 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Green Plains in the third quarter valued at approximately $65,000. Inspire Advisors LLC purchased a new position in shares of Green Plains in the third quarter valued at approximately $185,000. Everence Capital Management Inc. purchased a new position in shares of Green Plains in the third quarter valued at approximately $153,000. Finally, New York State Teachers Retirement System lifted its position 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.

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.