Zacks Investment Research upgraded shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a buy rating in a report issued on Wednesday morning. They currently have $20.00 target price on the transportation company’s stock.

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. “

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GPP has been the topic of a number of other reports. BidaskClub lowered Green Plains Partners from a hold rating to a sell rating in a research report on Friday, March 9th. ValuEngine lowered Green Plains Partners from a strong-buy rating to a buy rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised Green Plains Partners from a hold rating to a buy rating and set a $20.00 target price on the stock in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Green Plains Partners has an average rating of Buy and a consensus price target of $21.50.

GPP stock opened at $17.65 on Wednesday. Green Plains Partners has a 12 month low of $16.50 and a 12 month high of $21.00. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of -2.15. The stock has a market capitalization of $559.87, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.58 and a beta of 0.65.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Green Plains Partners had a negative return on equity of 92.54% and a net margin of 55.02%. The firm had revenue of $28.25 million for the quarter, compared to analyst estimates of $28.22 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. equities research analysts anticipate that Green Plains Partners will post 2.03 EPS for the current year.

Several large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Green Plains Partners by 18.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock worth $543,000 after purchasing an additional 4,227 shares during the period. Sigma Planning Corp raised its position in shares of Green Plains Partners by 14.2% during the fourth quarter. Sigma Planning Corp now owns 34,629 shares of the transportation company’s stock worth $648,000 after purchasing an additional 4,294 shares during the period. Arrow Investment Advisors LLC raised its position in shares of Green Plains Partners by 16.7% during the third quarter. Arrow Investment Advisors LLC now owns 39,844 shares of the transportation company’s stock worth $801,000 after purchasing an additional 5,714 shares during the period. Raymond James & Associates raised its position in shares of Green Plains Partners by 48.4% during the fourth quarter. Raymond James & Associates now owns 33,535 shares of the transportation company’s stock worth $627,000 after purchasing an additional 10,937 shares during the period. Finally, Stifel Financial Corp acquired a new position in shares of Green Plains Partners during the third quarter worth approximately $250,000. 46.00% of the stock is currently owned by institutional investors.

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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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