Green Plains Partners LP (GPP) Rating Reiterated by Robert W. Baird
Green Plains Partners LP (NASDAQ:GPP)‘s stock had its “buy” rating reissued by investment analysts at Robert W. Baird in a research note issued on Friday. They currently have a $24.00 price target on the transportation company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 20.00% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 price target on shares of Green Plains Partners in a report on Friday, July 28th. BidaskClub downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Bank of America Corporation downgraded shares of Green Plains Partners from a “buy” rating to an “underperform” rating and cut their price target for the company from $22.00 to $19.00 in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Roth Capital set a $24.00 price target on shares of Green Plains Partners and gave the company a “buy” rating in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $21.80.
Shares of Green Plains Partners (NASDAQ:GPP) traded up $0.32 on Friday, hitting $20.00. 59,173 shares of the stock were exchanged, compared to its average volume of 21,744. The company has a debt-to-equity ratio of -2.12, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $308.89 million, a PE ratio of 10.72, a P/E/G ratio of 0.71 and a beta of 0.98.
Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $26.45 million during the quarter, compared to analysts’ expectations of $28.36 million. Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.40%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. sell-side analysts forecast that Green Plains Partners will post 1.83 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of GPP. Mondrian Investment Partners LTD boosted its stake in shares of Green Plains Partners by 107.3% during the 2nd quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock worth $3,358,000 after purchasing an additional 92,963 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Green Plains Partners during the 3rd quarter worth about $1,960,000. Citigroup Inc. boosted its stake in shares of Green Plains Partners by 0.8% during the 2nd quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock worth $1,203,000 after purchasing an additional 486 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Green Plains Partners by 13.5% during the 2nd quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock worth $899,000 after purchasing an additional 5,718 shares during the last quarter. Finally, Arrow Investment Advisors LLC acquired a new stake in shares of Green Plains Partners during the 2nd quarter worth about $638,000. Hedge funds and other institutional investors own 44.81% of the company’s stock.
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).
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