Green Plains Inc. (NASDAQ:GPRE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Green Plains Inc. (NASDAQ:GPRE) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $25.50.

A number of equities research analysts have recently issued reports on the company. Craig Hallum reduced their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Truist Financial decreased their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, BMO Capital Markets cut their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Green Plains during the second quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Green Plains during the 2nd quarter worth $41,000. Quest Partners LLC bought a new stake in shares of Green Plains during the 3rd quarter worth $52,000. nVerses Capital LLC acquired a new stake in Green Plains in the third quarter valued at about $65,000. Finally, DRW Securities LLC bought a new position in Green Plains in the second quarter valued at about $168,000.

Green Plains Price Performance

Shares of GPRE opened at $10.80 on Monday. The firm has a market capitalization of $698.23 million, a PE ratio of -28.42 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The company’s 50-day moving average is $11.97 and its 200-day moving average is $14.34. Green Plains has a fifty-two week low of $10.36 and a fifty-two week high of $28.50.

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.