Green Plains Partners LP (NASDAQ:GPP)‘s stock had its “buy” rating reaffirmed by DA Davidson in a report released on Tuesday. They presently have a $21.50 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 11.92% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus increased their price target on Green Plains Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. RBC Capital Markets reiterated an “outperform” rating and issued a $19.00 target price (up from $16.00) on shares of Green Plains Partners in a report on Thursday, August 4th. Royal Bank Of Canada increased their target price on Green Plains Partners from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Green Plains Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG set a $20.00 target price on Green Plains Partners and gave the stock a “buy” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Green Plains Partners presently has an average rating of “Buy” and an average price target of $19.56.
Green Plains Partners (NASDAQ:GPP) opened at 19.21 on Tuesday. Green Plains Partners has a 1-year low of $12.41 and a 1-year high of $20.41. The firm has a market capitalization of $610.88 million, a PE ratio of 12.67 and a beta of 1.40. The company’s 50-day moving average is $18.65 and its 200 day moving average is $15.78.
Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Green Plains Partners had a return on equity of 131.23% and a net margin of 52.66%. On average, equities analysts expect that Green Plains Partners will post $1.71 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Jefferies Group LLC bought a new stake in Green Plains Partners during the second quarter worth approximately $1,776,000. Harvest Capital Strategies LLC raised its stake in shares of Green Plains Partners by 9.8% in the first quarter. Harvest Capital Strategies LLC now owns 1,275,960 shares of the company’s stock valued at $17,161,000 after buying an additional 113,460 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in shares of Green Plains Partners during the second quarter valued at about $167,000. Brown Advisory Inc. raised its stake in shares of Green Plains Partners by 5.0% in the second quarter. Brown Advisory Inc. now owns 377,546 shares of the company’s stock valued at $5,871,000 after buying an additional 18,102 shares in the last quarter. Finally, Nwam LLC acquired a new stake in shares of Green Plains Partners during the second quarter valued at about $276,000. 53.03% of the stock is owned by institutional investors and hedge funds.
About Green Plains Partners
Green Plains Partners LP provides fee-based fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).
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