Zacks Investment Research upgraded shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $16.00 price target 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. “
A number of other equities analysts have also commented on the stock. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Monday, May 13th. BidaskClub lowered shares of Xperi from a sell rating to a strong sell rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $17.20.
Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Wednesday, May 8th. The transportation company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.14. Green Plains Partners had a net margin of 54.78% and a negative return on equity of 71.28%. The company had revenue of $21.09 million for the quarter, compared to analyst estimates of $22.33 million. On average, research analysts predict that Green Plains Partners will post 1.47 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. boosted its stake in Green Plains Partners by 323.3% during the fourth quarter. Citigroup Inc. now owns 5,503 shares of the transportation company’s stock worth $75,000 after buying an additional 4,203 shares in the last quarter. Barclays PLC acquired a new stake in Green Plains Partners during the fourth quarter worth $118,000. GSA Capital Partners LLP boosted its stake in Green Plains Partners by 13.1% during the fourth quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock worth $161,000 after buying an additional 1,377 shares in the last quarter. Nwam LLC boosted its stake in Green Plains Partners by 9.4% during the first quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock worth $400,000 after buying an additional 2,180 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in Green Plains Partners by 12.0% during the first quarter. Sigma Planning Corp now owns 41,675 shares of the transportation company’s stock worth $660,000 after buying an additional 4,454 shares in the last quarter. 15.89% of the stock is currently owned by institutional investors and hedge funds.
About Green Plains Partners
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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