Analysts have recently changed their ratings for Green Plains. Oppenheimer downgraded it to “market perform.” BMO Capital Markets also lowered its price target from $22 to $17. Craig Hallum cut their target from $34 to $26 while maintaining a “buy” rating. UBS Group revised their target down to $23.50 but kept a “buy” rating. In total, one analyst has a sell rating, three have hold ratings, and six rate it as a buy. The average rating is “Moderate Buy” with a price target of $25.50.
View Our Latest Stock Analysis on GPRE
Green Plains Price Performance
Shares of Green Plains opened at $11.64 recently. It has a 50-day moving average of $13.27 and a 200-day average of $16.40. The stock’s recent low is $11.62 and high is $31.92, with a market cap of $752.17 million and a price-to-earnings ratio of -9.46. The company reported a quarterly loss of ($0.38) per share on August 6, missing expectations.
Hedge Funds Weigh In
Institutional investors are adjusting their stakes in Green Plains. Virtu Financial invested $234,000, while Goldman Sachs increased their holdings by 22.8%. Vanguard raised its stake by 1.3%, and other investors like the State of Alaska and Maryland State Retirement also increased their positions.
About Green Plains
Green Plains Inc produces low-carbon fuels in the U.S. and beyond, operating in Ethanol Production, Agribusiness, and Energy Services.
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