Green Plains (NASDAQ:GPRE) Downgraded to Sell Rating by StockNews.com

Green Plains (NASDAQ:GPRE - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Wednesday.

GPRE has been the topic of several other reports. Oppenheimer cut shares of Green Plains from an "outperform" rating to a "market perform" rating in a research note on Wednesday, August 7th. UBS Group reduced their price objective on shares of Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a research report on Monday, August 19th. Truist Financial dropped their target price on Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Craig Hallum reduced their price target on Green Plains from $34.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, BMO Capital Markets decreased their price objective on shares of Green Plains from $22.00 to $17.00 and set a "market perform" rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.50.

Green Plains Stock Performance

Shares of GPRE traded up $0.33 during mid-day trading on Wednesday, hitting $10.88. 920,861 shares of the company's stock were exchanged, compared to its average volume of 1,116,154. The firm has a market capitalization of $703.39 million, a P/E ratio of -27.76 and a beta of 1.53. Green Plains has a fifty-two week low of $10.36 and a fifty-two week high of $28.50. The business's 50 day moving average is $12.29 and its two-hundred day moving average is $14.76. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Green Plains

A number of institutional investors have recently added to or reduced their stakes in GPRE. Louisiana State Employees Retirement System grew its holdings in shares of Green Plains by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company's stock worth $515,000 after purchasing an additional 700 shares during the period. Clearbridge Investments LLC grew its stake in Green Plains by 0.7% during the second quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company's stock worth $1,645,000 after buying an additional 739 shares during the period. ProShare Advisors LLC increased its position in shares of Green Plains by 9.7% in the first quarter. ProShare Advisors LLC now owns 12,013 shares of the specialty chemicals company's stock worth $278,000 after acquiring an additional 1,063 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of 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 valued at $843,000 after acquiring an additional 1,400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Green Plains by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company's stock valued at $221,000 after acquiring an additional 1,456 shares in the last quarter.

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.