Green Plains Partners LP (NASDAQ:GPP) received a $24.00 price target from investment analysts at Roth Capital in a report issued on Tuesday. The firm presently has a “buy” rating on the transportation company’s stock. Roth Capital’s price objective points to a potential upside of 20.00% from the stock’s current price.

GPP has been the subject of several other reports. Stifel Nicolaus restated a “buy” rating and set a $21.00 price target on shares of Green Plains Partners in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Green Plains Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub cut shares of Green Plains Partners from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Robert W. Baird restated a “buy” rating and set a $24.00 price target on shares of Green Plains Partners in a report on Thursday, August 24th. Finally, Bank of America Corporation cut shares of Green Plains Partners from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $22.00 to $19.00 in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Green Plains Partners presently has an average rating of “Hold” and an average target price of $22.00.

Green Plains Partners (GPP) opened at 20.05 on Tuesday. The stock has a market cap of $637.85 million, a P/E ratio of 11.08 and a beta of 1.00. Green Plains Partners has a 52 week low of $17.05 and a 52 week high of $21.75. The company’s 50 day moving average is $19.79 and its 200 day moving average is $19.32.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Monday, July 31st. The transportation company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.10). The company had revenue of $25.10 million for the quarter, compared to analyst estimates of $29.62 million. Green Plains Partners had a negative return on equity of 90.84% and a net margin of 54.97%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that Green Plains Partners will post $1.84 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in GPP. Brown Advisory Inc. increased its position in Green Plains Partners by 18.7% during the fourth quarter. Brown Advisory Inc. now owns 248,605 shares of the transportation company’s stock worth $4,039,000 after acquiring an additional 39,153 shares during the period. Wells Fargo & Company MN bought a new position in Green Plains Partners during the fourth quarter worth $4,964,000. Atlantic Trust Group LLC increased its position in Green Plains Partners by 35.6% during the fourth quarter. Atlantic Trust Group LLC now owns 195,400 shares of the transportation company’s stock worth $3,175,000 after acquiring an additional 51,280 shares during the period. Lorem Ipsum Management LLC increased its position in Green Plains Partners by 2.8% during the fourth quarter. Lorem Ipsum Management LLC now owns 215,138 shares of the transportation company’s stock worth $3,496,000 after acquiring an additional 5,872 shares during the period. Finally, Renaissance Technologies LLC increased its position in Green Plains Partners by 26.1% during the first quarter. Renaissance Technologies LLC now owns 69,600 shares of the transportation company’s stock worth $936,000 after acquiring an additional 14,424 shares during the period. 44.81% of the stock is currently owned by institutional investors.

Green Plains Partners Company Profile

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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