Green Plains (NASDAQ:GPRE) Stock Price Down 4.9% – What’s Next?

by · The Markets Daily

Green Plains Inc. (NASDAQ:GPRE – Get Free Report) shares traded down 4.9% during trading on Tuesday . The company traded as low as $9.72 and last traded at $9.76. 252,122 shares were traded during trading, a decline of 81% from the average session volume of 1,360,721 shares. The stock had previously closed at $10.26.

Wall Street Analysts Forecast Growth

GPRE has been the subject of several analyst reports. Truist Financial cut their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Green Plains has an average rating of “Moderate Buy” and an average price target of $25.50.

Check Out Our Latest Stock Analysis on Green Plains

Green Plains Stock Down 3.8 %

The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $637.90 million, a price-to-earnings ratio of -25.99, a P/E/G ratio of 1.31 and a beta of 1.46. The stock has a 50 day moving average of $10.24 and a 200 day moving average of $12.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC grew its holdings in Green Plains by 71.5% in the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after buying an additional 59,564 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Green Plains by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after purchasing an additional 159,147 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Green Plains during the third quarter valued at approximately $840,000. Point72 Asset Management L.P. boosted its position in shares of Green Plains by 29.5% in the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after buying an additional 126,795 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Green Plains by 278.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company’s stock worth $2,228,000 after acquiring an additional 103,400 shares in the last quarter.

About Green Plains

(Get Free Report)

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.

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