Green Plains Partners LP (GPP) Given New $22.00 Price Target at Stifel Nicolaus
GPP has been the subject of a number of other research reports. RBC Capital Markets reiterated an outperform rating and issued a $19.00 price objective (up previously from $16.00) on shares of Green Plains Partners in a research report on Thursday, August 4th. Roth Capital reiterated a buy rating on shares of Green Plains Partners in a research report on Monday, August 1st. Royal Bank Of Canada raised their price objective on Green Plains Partners from $16.00 to $19.00 and gave the stock an outperform rating in a research 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 price objective for the company in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG set a $20.00 price objective on Green Plains Partners and gave the stock a buy rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Green Plains Partners presently has an average rating of Buy and an average price target of $19.56.
Shares of Green Plains Partners (NASDAQ:GPP) traded down 0.21% during midday trading on Tuesday, hitting $18.86. The stock had a trading volume of 9,436 shares. Green Plains Partners has a 12-month low of $12.41 and a 12-month high of $20.41. The firm has a 50-day moving average of $18.60 and a 200 day moving average of $15.75. The firm has a market cap of $599.75 million, a PE ratio of 12.44 and a beta of 1.40.
Green Plains Partners (NASDAQ:GPP) last announced its earnings results on Monday, August 1st. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate 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, analysts expect that Green Plains Partners will post $1.70 earnings per share for the current year.
Several institutional investors have recently modified their holdings of GPP. Renaissance Technologies LLC boosted its stake in Green Plains Partners by 26.1% in the first quarter. Renaissance Technologies LLC now owns 69,600 shares of the company’s stock worth $936,000 after buying an additional 14,424 shares in the last quarter. BlackRock Institutional Trust Company N.A. acquired a new stake in Green Plains Partners during the second quarter worth $238,000. GSA Capital Partners LLP acquired a new stake in Green Plains Partners during the second quarter worth $259,000. Nwam LLC acquired a new stake in Green Plains Partners during the second quarter worth $276,000. Finally, Brown Advisory Inc. boosted its stake in Green Plains Partners by 5.0% in the second quarter. Brown Advisory Inc. now owns 377,546 shares of the company’s stock worth $5,871,000 after buying an additional 18,102 shares in the last quarter. 53.03% of the stock is owned by institutional investors and hedge funds.
Green Plains Partners Company Profile
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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