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

Green Plains (NASDAQ:GPRE - Get Free Report) was downgraded by equities researchers at UBS Group from a "buy" rating to a "neutral" rating in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $7.00 price target on the specialty chemicals company's stock, down from their previous price target of $20.50. UBS Group's price objective points to a potential upside of 21.95% from the company's current price.

A number of other equities analysts also recently commented on GPRE. BMO Capital Markets dropped their price objective on 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 restated a "buy" rating and set a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. StockNews.com lowered shares of Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Finally, Stephens raised shares of Green Plains to a "hold" rating in a research report on Monday, December 2nd. One equities 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $20.50.

Remove Ads

Green Plains Stock Down 2.7 %

Green Plains stock traded down $0.16 during trading hours on Tuesday, hitting $5.74. The company had a trading volume of 2,005,341 shares, compared to its average volume of 1,187,875. Green Plains has a fifty-two week low of $4.87 and a fifty-two week high of $24.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The firm has a market capitalization of $371.54 million, a P/E ratio of -4.22 and a beta of 1.55. The firm's fifty day moving average is $8.10 and its 200-day moving average is $10.65.

Green Plains (NASDAQ:GPRE - Get Free Report) 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 analysts' consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the firm posted $0.13 EPS. On average, research analysts forecast that Green Plains will post -0.5 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently made changes to their positions in the business. New York State Teachers Retirement System increased its position in Green Plains by 2.3% in the 3rd quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company's stock worth $843,000 after buying an additional 1,400 shares during the period. Future Fund LLC grew its stake in shares of Green Plains by 15.6% in the third quarter. Future Fund LLC now owns 69,707 shares of the specialty chemicals company's stock worth $944,000 after acquiring an additional 9,410 shares during the last quarter. Quest Partners LLC bought a new position in Green Plains during the third quarter worth $52,000. Intech Investment Management LLC acquired a new position in Green Plains during the 3rd quarter valued at $215,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company's stock valued at $15,581,000 after purchasing an additional 159,147 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.