Green Plains (GPRE) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a report released on Tuesday morning.

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. “

Several other research firms have also commented on GPRE. ValuEngine upgraded shares of Green Plains from a hold rating to a buy rating in a research report on Friday, October 12th. BidaskClub upgraded shares of Green Plains from a strong sell rating to a sell rating in a research report on Friday, August 3rd. Finally, Roth Capital set a $25.00 price objective on shares of Green Plains and gave the stock a buy rating in a research report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Green Plains has a consensus rating of Hold and an average price target of $24.00.

Green Plains stock opened at $17.72 on Tuesday. 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.

A number of hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System raised its stake in Green Plains by 10.3% in the 3rd 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 during the last quarter. Northern Trust Corp raised its stake in Green Plains by 0.4% in the 2nd quarter. Northern Trust Corp now owns 1,186,396 shares of the specialty chemicals company’s stock valued at $21,711,000 after purchasing an additional 4,188 shares during the last quarter. Legal & General Group Plc raised its stake in Green Plains by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 114,286 shares of the specialty chemicals company’s stock valued at $2,083,000 after purchasing an additional 4,411 shares during the last quarter. Principal Financial Group Inc. raised its stake in Green Plains by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 297,019 shares of the specialty chemicals company’s stock valued at $4,990,000 after purchasing an additional 5,873 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Green Plains by 1,751.9% in the 2nd 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 during 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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