Green Plains Partners LP (GPP) Given Buy Rating at Robert W. Baird
Robert W. Baird reaffirmed their buy rating on shares of Green Plains Partners LP (NASDAQ:GPP) in a research note published on Friday morning. Robert W. Baird currently has a $24.00 price objective on the transportation company’s stock.
A number of other analysts have also issued reports on GPP. Stifel Nicolaus restated a buy rating and set a $22.00 target price on shares of Green Plains Partners in a research report on Friday, July 28th. Bank of America Corporation lowered shares of Green Plains Partners from a buy rating to an underperform rating and decreased their target price for the stock from $22.00 to $19.00 in a research report on Wednesday, August 2nd. Roth Capital set a $24.00 target price on shares of Green Plains Partners and gave the stock a buy rating in a research report on Wednesday, August 2nd. BidaskClub lowered shares of Green Plains Partners from a hold rating to a sell rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Green Plains Partners from a sell rating to a hold rating in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target 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. Green Plains Partners has a fifty-two week low of $17.05 and a fifty-two week high of $21.15. The stock has a market cap of $318.44, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98.
Green Plains Partners (NASDAQ:GPP) last announced its 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). Green Plains Partners had a negative return on equity of 92.40% and a net margin of 55.10%. The firm had revenue of $26.45 million for the quarter, compared to analyst estimates of $28.36 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue was up .9% compared to the same quarter last year. equities analysts expect that Green Plains Partners will post 1.8 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, November 3rd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date is Thursday, November 2nd. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.45. Green Plains Partners’s dividend payout ratio (DPR) is 101.66%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Arrow Investment Advisors LLC acquired a new position in shares of Green Plains Partners in the 2nd quarter valued at $638,000. Wedbush Securities Inc. acquired a new position in shares of Green Plains Partners in the 2nd quarter valued at $213,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Green Plains Partners in the 3rd quarter valued at $1,960,000. Sigma Planning Corp acquired a new position in shares of Green Plains Partners in the 2nd quarter valued at $503,000. Finally, Mondrian Investment Partners LTD boosted its holdings in shares of Green Plains Partners by 107.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock valued at $3,358,000 after purchasing an additional 92,963 shares during the last quarter. Institutional investors own 44.81% of the company’s stock.
About Green Plains Partners
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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