Green Plains (NASDAQ:GPRE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska. “
A number of other equities research analysts also recently issued reports on GPRE. BidaskClub downgraded shares of Green Plains from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 18th. Roth Capital set a $25.00 price target on shares of Green Plains and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, ValuEngine raised shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.25.
Shares of Green Plains stock traded down $0.21 on Tuesday, reaching $17.72. The company had a trading volume of 155,482 shares, compared to its average volume of 703,387. The company has a market capitalization of $745.73 million, a price-to-earnings ratio of -20.60 and a beta of 1.00. Green Plains has a 52-week low of $15.25 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.64 and a current ratio of 1.51.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its holdings in shares of Green Plains by 1,751.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,852 shares of the specialty chemicals company’s stock valued at $162,000 after purchasing an additional 8,374 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Green Plains in the second quarter valued at approximately $169,000. Sei Investments Co. grew its holdings in shares of Green Plains by 6,817.4% in the second quarter. Sei Investments Co. now owns 11,552 shares of the specialty chemicals company’s stock valued at $211,000 after purchasing an additional 11,385 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of Green Plains in the third quarter valued at approximately $285,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Green Plains by 10.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 32,510 shares of the specialty chemicals company’s stock valued at $559,000 after purchasing an additional 3,047 shares in the last quarter.
Green Plains Company Profile
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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