Green Plains Partners (NASDAQ:GPP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday, Zacks.com reports. The firm presently has a $16.00 price target on the transportation company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 14.29% from the stock’s previous close.
According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “
A number of other brokerages have also issued reports on GPP. BidaskClub lowered Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Raymond James reissued a “buy” rating and issued a $18.00 price target on shares of Green Plains Partners in a research note on Tuesday. Finally, ValuEngine lowered Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.25.
Shares of NASDAQ:GPP opened at $14.00 on Friday. The stock’s 50-day moving average price is $14.35 and its two-hundred day moving average price is $13.69. Green Plains Partners has a 12-month low of $12.53 and a 12-month high of $16.47. The firm has a market cap of $326.79 million, a price-to-earnings ratio of 8.00 and a beta of 0.51.
Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Monday, February 10th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Green Plains Partners had a negative return on equity of 55.72% and a net margin of 50.09%. The business had revenue of $20.32 million during the quarter, compared to analyst estimates of $21.07 million. On average, equities analysts predict that Green Plains Partners will post 1.82 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in GPP. Quest Capital Management Inc. ADV purchased a new stake in shares of Green Plains Partners during the 3rd quarter valued at about $81,000. California Public Employees Retirement System purchased a new stake in shares of Green Plains Partners during the 4th quarter valued at about $143,000. Stifel Financial Corp raised its holdings in shares of Green Plains Partners by 3.3% during the 3rd quarter. Stifel Financial Corp now owns 30,470 shares of the transportation company’s stock valued at $406,000 after buying an additional 979 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Green Plains Partners during the 4th quarter valued at about $560,000. Finally, Sigma Planning Corp raised its holdings in shares of Green Plains Partners by 3.7% during the 3rd quarter. Sigma Planning Corp now owns 44,758 shares of the transportation company’s stock valued at $594,000 after buying an additional 1,584 shares during the period. Institutional investors own 16.82% of the company’s stock.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.
Featured Article: Why are percentage decliners important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Green Plains Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners and related companies with MarketBeat.com's FREE daily email newsletter.