Green Plains Partners LP (GPP) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reissued their buy rating on shares of Green Plains Partners LP (NASDAQ:GPP) in a research note released on Thursday, August 24th. They currently have a $24.00 price target on the transportation company’s stock.

Several other analysts also recently commented on GPP. Zacks Investment Research upgraded Green Plains Partners from a hold rating to a buy rating and set a $22.00 target price for the company in a research note on Wednesday, May 3rd. Royal Bank Of Canada restated a buy rating and issued a $22.00 target price on shares of Green Plains Partners in a research note on Tuesday, June 6th. ValuEngine downgraded Green Plains Partners from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Stifel Nicolaus restated a buy rating and issued a $22.00 target price on shares of Green Plains Partners in a research note on Friday, June 23rd. Finally, Bank of America Corporation downgraded Green Plains Partners from a buy rating to an underperform rating and reduced their target price for the company from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $22.07.

Shares of Green Plains Partners (NASDAQ:GPP) opened at 19.35 on Thursday. The company has a market capitalization of $615.58 million, a price-to-earnings ratio of 10.70 and a beta of 0.99. Green Plains Partners has a one year low of $17.05 and a one year high of $21.75. The stock has a 50 day moving average price of $19.00 and a 200-day moving average price of $19.34.

Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Monday, July 31st. The transportation company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The firm had revenue of $25.10 million during the quarter, compared to analyst estimates of $29.62 million. Green Plains Partners had a net margin of 54.97% and a negative return on equity of 90.84%. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Green Plains Partners will post $1.85 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC lifted its position in Green Plains Partners by 54.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 2,252 shares in the last quarter. WealthPLAN Partners LLC bought a new position in Green Plains Partners in the 2nd quarter valued at about $210,000. Wedbush Securities Inc. bought a new position in Green Plains Partners in the 2nd quarter valued at about $213,000. Raymond James Financial Services Advisors Inc. lifted its position in Green Plains Partners by 11.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 1,417 shares in the last quarter. Finally, HITE Hedge Asset Management LLC bought a new position in Green Plains Partners in the 1st quarter valued at about $322,000. 44.81% of the stock is currently owned by institutional investors and hedge funds.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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