Green Plains' (GPRE) Underperform Rating Reiterated at Bank of America

Green Plains (NASDAQ:GPRE - Get Free Report)'s stock had its "underperform" rating reiterated by equities researchers at Bank of America in a research report issued on Thursday,Benzinga reports. They presently have a $7.00 price target on the specialty chemicals company's stock, up from their previous price target of $4.50. Bank of America's price target would indicate a potential downside of 24.00% from the stock's previous close.6 best ethanol stocks to buy nowSeparately, BMO Capital Markets lowered their price objective on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.80.Check Out Our Latest Analysis on GPREGreen Plains Stock PerformanceShares of GPRE opened at $9.21 on Thursday. The firm has a 50-day moving average of $6.91 and a 200-day moving average of $5.76. Green Plains has a one year low of $3.14 and a one year high of $14.67. The company has a market cap of $603.90 million, a PE ratio of -3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.81. Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.13). Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%. The company had revenue of $552.83 million for the quarter, compared to analyst estimates of $578.18 million. During the same quarter in the prior year, the business posted ($0.38) EPS. The business's quarterly revenue was down 10.7% compared to the same quarter last year. As a group, equities analysts forecast that Green Plains will post -0.5 earnings per share for the current year. Hedge Funds Weigh In On Green PlainsLarge investors have recently modified their holdings of the business. Dauntless Investment Group LLC purchased a new position in Green Plains during the fourth quarter valued at approximately $54,000. Public Employees Retirement System of Ohio boosted its stake in Green Plains by 46.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company's stock worth $35,000 after purchasing an additional 1,838 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Green Plains during the 4th quarter valued at about $72,000. PNC Financial Services Group Inc. lifted its stake in shares of Green Plains by 54.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 3,002 shares during the period. Finally, AlphaQuest LLC increased its holdings in Green Plains by 115.2% in the 1st quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company's stock worth $44,000 after acquiring an additional 4,808 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.Read MoreFive stocks we like better than Green PlainsHow Investors Can Find the Best Cheap Dividend StocksData Centers Create a Bull Case for These Nuclear 3 StocksWhat Investors Need to Know About Upcoming IPOsTesla’s Pennant Just Snapped: Here’s What It Means for the StockWhat Does Downgrade Mean in Investing?3 Companies That Will Profit From Trump's Semiconductor TariffsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Green Plains Right Now?Before you consider Green Plains, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Green Plains wasn't on the list.While Green Plains currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here