Brokerages Set Green Plains Inc. (NASDAQ:GPRE) PT at $25.50

Green Plains Inc. (NASDAQ:GPRE) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.50.

Several research firms have recently issued reports on GPRE. StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Thursday. Truist Financial decreased their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. BMO Capital Markets dropped 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 research note on Wednesday, August 7th. Craig Hallum cut their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group lowered their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th.

Hedge Funds Weigh In On Green Plains

Hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC raised its position in Green Plains by 9.7% in the first quarter. ProShare Advisors LLC now owns 12,013 shares of the specialty chemicals company’s stock valued at $278,000 after purchasing an additional 1,063 shares during the period. Vanguard Group Inc. lifted its position in Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after acquiring an additional 447,825 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Green Plains by 18.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 64,182 shares of the specialty chemicals company’s stock worth $1,482,000 after acquiring an additional 10,060 shares during the period. Price T Rowe Associates Inc. MD grew its position in Green Plains by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,380 shares of the specialty chemicals company’s stock valued at $818,000 after acquiring an additional 2,184 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Green Plains by 6.1% during the first quarter. California State Teachers Retirement System now owns 60,799 shares of the specialty chemicals company’s stock valued at $1,406,000 after purchasing an additional 3,504 shares during the period.

Green Plains Stock Performance

Shares of GPRE opened at $10.80 on Monday. The company has a market capitalization of $698.22 million, a price-to-earnings ratio of -28.42 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains has a 1 year low of $10.36 and a 1 year high of $28.50. The company’s 50 day simple moving average is $11.97 and its 200 day simple moving average is $14.27.

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.