Green Plains (NASDAQ:GPRE) Cut to Neutral at UBS Group

UBS Group downgraded shares of Green Plains (NASDAQ:GPRE) from a buy rating to a neutral rating in a report issued on Tuesday, MarketBeat reports. UBS Group currently has $7.00 price objective on the specialty chemicals company’s stock, down from their prior price objective of $20.50.

GPRE has been the topic of several other reports. BMO Capital Markets dropped their target price on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. Stephens upgraded shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Finally, Truist Financial reissued a “buy” rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.50.

Green Plains Trading Up 6.3 %

GPRE opened at $5.90 on Tuesday. Green Plains has a twelve month low of $4.87 and a twelve month high of $24.04. The firm has a market cap of $381.90 million, a PE ratio of -4.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The firm’s fifty day moving average is $8.10 and its two-hundred day moving average is $10.65.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same period in the prior year, the business earned $0.13 EPS. Equities research analysts anticipate that Green Plains will post -0.5 EPS for the current year.

Institutional Trading of Green Plains

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 2,717 shares during the last quarter. Quest Partners LLC bought a new position in shares of Green Plains in the third quarter valued at $52,000. Dauntless Investment Group LLC acquired a new position in Green Plains during the fourth quarter worth $54,000. KBC Group NV increased its holdings in Green Plains by 120.7% during the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 3,320 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its position in Green Plains by 340.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after acquiring an additional 5,450 shares in the last quarter.

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.