Green Plains (NASDAQ:GPRE) Upgraded at StockNews.com

StockNews.com upgraded shares of Green Plains (NASDAQ:GPRE - Free Report) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Other analysts have also recently issued reports about the company. Truist Financial cut their price objective 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 on the stock in a research note on Wednesday, August 7th. UBS Group decreased their price objective on Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a report on Monday, August 19th. BMO Capital Markets dropped their target price 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. Finally, Oppenheimer lowered shares of Green Plains from an "outperform" rating to a "market perform" rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.50.

Green Plains Trading Up 1.4 %

Green Plains stock traded up $0.15 during mid-day trading on Thursday, reaching $10.82. 758,930 shares of the company traded hands, compared to its average volume of 1,112,979. 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 52-week low of $10.36 and a 52-week high of $28.50. The firm has a market capitalization of $699.51 million, a price-to-earnings ratio of -28.47 and a beta of 1.53. The firm's 50 day moving average price is $12.08 and its 200 day moving average price is $14.43.

Institutional Investors Weigh In On Green Plains

A number of institutional investors have recently made changes to their positions in GPRE. Vanguard Group Inc. grew its position in Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company's stock worth $107,771,000 after purchasing an additional 447,825 shares during the period. Thomist Capital Management LP purchased a new position in shares of Green Plains in the 2nd quarter worth $1,011,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Green Plains by 278.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company's stock worth $2,228,000 after acquiring an additional 103,400 shares during the period. William Blair Investment Management LLC increased its position in Green Plains by 3.6% during the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company's stock valued at $29,669,000 after acquiring an additional 65,637 shares during the last quarter. Finally, Lumbard & Kellner LLC bought a new position in Green Plains in the second quarter valued at about $4,685,000.

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.