Bank of America Downgrades Green Plains (NASDAQ:GPRE) to Neutral

Green Plains (NASDAQ:GPRE - Get Free Report) was downgraded by stock analysts at Bank of America from a "buy" rating to a "neutral" rating in a research note issued on Tuesday, Marketbeat reports. They presently have a $4.50 target price on the specialty chemicals company's stock, down from their prior target price of $10.00. Bank of America's price objective would indicate a potential upside of 32.35% from the stock's previous close.

Several other analysts also recently commented on GPRE. UBS Group downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and lowered their target price for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. BMO Capital Markets decreased their price target on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, February 10th. Truist Financial reiterated a "buy" rating and set a $12.00 price objective (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. StockNews.com downgraded shares of Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group cut shares of Green Plains from a "buy" rating to a "hold" rating and reduced their price target for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Green Plains presently has a consensus rating of "Hold" and an average price target of $16.50.

Green Plains Trading Down 2.3 %

GPRE traded down $0.08 during midday trading on Tuesday, hitting $3.40. 2,107,535 shares of the company were exchanged, compared to its average volume of 1,374,390. The firm's 50 day moving average price is $5.10 and its 200-day moving average price is $8.67. Green Plains has a 1-year low of $3.26 and a 1-year high of $22.75. The firm has a market capitalization of $220.08 million, a P/E ratio of -2.50 and a beta of 1.20. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings data 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 11.88% and a negative net margin of 3.36%. During the same period last year, the business earned $0.13 earnings per share. As a group, equities analysts forecast that Green Plains will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRE. Van ECK Associates Corp increased 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 purchasing an additional 2,717 shares in the last quarter. Dauntless Investment Group LLC acquired a new position in Green Plains in the fourth quarter valued at approximately $54,000. KBC Group NV grew its stake in shares of Green Plains by 120.7% in the fourth 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 in the last quarter. Cape Investment Advisory Inc. raised its holdings in shares of Green Plains by 340.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock valued at $67,000 after purchasing an additional 5,450 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in Green Plains during the fourth quarter worth approximately $72,000.

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.