Zacks Investment Research upgraded shares of Green Plains Partners LP (NASDAQ:GPP) from a sell rating to a hold rating in a report published on Wednesday.

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. “

Several other analysts have also weighed in on GPP. BidaskClub lowered shares of Green Plains Partners from a buy rating to a hold rating in a research report on Tuesday. 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 company 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 company a buy rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a buy rating and set a $22.00 target price on shares of Green Plains Partners in a research report on Tuesday, June 6th. Finally, ValuEngine lowered shares of Green Plains Partners from a strong-buy rating to a buy rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $22.20.

Shares of Green Plains Partners (GPP) traded down 0.50% during midday trading on Wednesday, hitting $20.10. 6,403 shares of the company’s stock traded hands. The firm has a market capitalization of $639.44 million, a price-to-earnings ratio of 11.11 and a beta of 1.00. The company has a 50 day moving average price of $19.83 and a 200 day moving average price of $19.83. Green Plains Partners has a 1-year low of $17.05 and a 1-year high of $21.75.

Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Monday, July 31st. The transportation company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.10). Green Plains Partners had a net margin of 54.97% and a negative return on equity of 90.84%. The business had revenue of $25.10 million for the quarter, compared to analyst estimates of $29.62 million. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Green Plains Partners will post $1.84 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Green Plains Partners LP (GPP) Upgraded by Zacks Investment Research to “Hold”” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/05/green-plains-partners-lp-gpp-upgraded-by-zacks-investment-research-to-hold.html.

A number of large investors have recently added to or reduced their stakes in GPP. Raymond James Financial Services Advisors Inc. boosted its position in Green Plains Partners by 11.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after buying an additional 1,417 shares in the last quarter. UBS Group AG boosted its position in Green Plains Partners by 0.7% in the first quarter. UBS Group AG now owns 335,212 shares of the transportation company’s stock valued at $6,738,000 after buying an additional 2,301 shares in the last quarter. Walnut Private Equity Partners LLC boosted its position in Green Plains Partners by 50.0% in the second quarter. Walnut Private Equity Partners LLC now owns 30,000 shares of the transportation company’s stock valued at $561,000 after buying an additional 10,000 shares in the last quarter. Mondrian Investment Partners LTD boosted its position in Green Plains Partners by 107.3% in the second quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock valued at $3,358,000 after buying an additional 92,963 shares in the last quarter. Finally, Sigma Planning Corp acquired a new position in Green Plains Partners in the second quarter valued at about $503,000. Hedge funds and other 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).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

Receive News & Stock Ratings for Green Plains Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners LP and related stocks with our FREE daily email newsletter.