Green Plains Partners (NASDAQ:GPP) Stock Rating Upgraded by BidaskClub

Green Plains Partners (NASDAQ:GPP) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, BidAskClub reports.

A number of other research analysts also recently weighed in on the company. ValuEngine downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Zacks Investment Research downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Finally, Robert W. Baird downgraded Green Plains Partners from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Thursday, March 7th. Two investment 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. Green Plains Partners currently has an average rating of “Hold” and an average target price of $17.50.

GPP stock opened at $13.63 on Tuesday. The firm has a market capitalization of $319.52 million, a PE ratio of 8.12 and a beta of 0.56. Green Plains Partners has a twelve month low of $13.30 and a twelve month high of $17.75.

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

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in Green Plains Partners by 0.8% during the 1st quarter. Morgan Stanley now owns 1,097,650 shares of the transportation company’s stock worth $17,388,000 after buying an additional 8,702 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake 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 worth $807,000 after buying an additional 4,479 shares during the period. Sigma Planning Corp raised its stake in shares of Green Plains Partners by 12.0% in 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 period. Raymond James & Associates raised its stake in shares of Green Plains Partners by 57.7% in the 1st quarter. Raymond James & Associates now owns 38,421 shares of the transportation company’s stock valued at $609,000 after purchasing an additional 14,064 shares during the period. Finally, Nwam LLC raised its stake in shares of Green Plains Partners by 9.4% in 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 period. 19.61% of the stock is currently owned by institutional investors and hedge funds.

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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