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

Green Plains Inc. (NASDAQ:GPRE) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $25.50.

Several research firms have recently weighed in on GPRE. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Stephens raised shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, Truist Financial lowered their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Institutional Trading of Green Plains

Institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in Green Plains during the 2nd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Green Plains in the second quarter worth about $41,000. Quest Partners LLC purchased a new position in shares of Green Plains in the third quarter worth about $52,000. nVerses Capital LLC acquired a new position in Green Plains during the third quarter worth about $65,000. Finally, DRW Securities LLC purchased a new stake in Green Plains during the 2nd quarter valued at about $168,000.

Green Plains Stock Down 7.1 %

Shares of GPRE stock opened at $9.22 on Friday. Green Plains has a twelve month low of $9.17 and a twelve month high of $26.67. The stock has a market cap of $596.08 million, a P/E ratio of -24.26 and a beta of 1.44. The stock has a 50 day moving average of $11.23 and a 200 day moving average of $13.57. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

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.