Green Plains Partners (NASDAQ:GPP) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Green Plains Partners (NASDAQ:GPP) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Several other research analysts have also commented on GPP. Zacks Investment Research upgraded shares of Green Plains Partners from a sell rating to a hold rating in a report on Tuesday, March 5th. ValuEngine upgraded shares of Green Plains Partners from a sell rating to a hold rating in a report on Wednesday, May 1st. Finally, Robert W. Baird lowered shares of Green Plains Partners from an outperform rating to a neutral rating and decreased their price objective for the stock from $18.00 to $17.00 in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $17.50.

NASDAQ:GPP opened at $13.89 on Tuesday. Green Plains Partners has a 52 week low of $13.30 and a 52 week high of $17.75. The firm has a market cap of $315.36 million, a P/E ratio of 8.74 and a beta of 0.56.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Wednesday, May 8th. The transportation company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.14. Green Plains Partners had a net margin of 54.78% and a negative return on equity of 71.28%. The company had revenue of $21.09 million during the quarter, compared to analyst estimates of $22.33 million. On average, equities analysts anticipate that Green Plains Partners will post 1.47 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its position in shares of Green Plains Partners by 13.1% in the 4th quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock worth $161,000 after buying an additional 1,377 shares during the period. Nwam LLC grew its position in Green Plains Partners by 9.4% during the 1st quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 2,180 shares during the last quarter. Citigroup Inc. grew its position in Green Plains Partners by 323.3% during the 4th quarter. Citigroup Inc. now owns 5,503 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 4,203 shares during the last quarter. Sigma Planning Corp grew its position in Green Plains Partners by 12.0% during the 1st quarter. Sigma Planning Corp now owns 41,675 shares of the transportation company’s stock valued at $660,000 after purchasing an additional 4,454 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Green Plains Partners by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock valued at $807,000 after purchasing an additional 4,479 shares during the last quarter. 19.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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