Zacks Investment Research upgraded shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. They currently have $16.00 price objective 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 brokerages have also recently weighed in on GPP. BidaskClub cut Xperi from a sell rating to a strong sell rating in a research note on Wednesday, June 19th. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $17.20.

Shares of NASDAQ GPP opened at $14.38 on Tuesday. Green Plains Partners has a twelve month low of $13.30 and a twelve month high of $16.80. The company has a fifty day moving average price of $13.94. The firm has a market capitalization of $323.92 million, a PE ratio of 8.24 and a beta of 0.50.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings data on Wednesday, May 8th. The transportation company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.14. Green Plains Partners had a negative return on equity of 71.28% and a net margin of 54.78%. The business had revenue of $21.09 million during the quarter, compared to analysts’ expectations of $22.33 million. As a group, research analysts expect that Green Plains Partners will post 1.47 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its stake in Green Plains Partners by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock worth $807,000 after purchasing an additional 4,479 shares in the last quarter. Sigma Planning Corp grew its stake in Green Plains Partners by 12.0% during the 1st quarter. Sigma Planning Corp now owns 41,675 shares of the transportation company’s stock worth $660,000 after purchasing an additional 4,454 shares in the last quarter. Nwam LLC grew its stake in Green Plains Partners by 9.4% during the 1st quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock worth $400,000 after purchasing an additional 2,180 shares in the last quarter. GSA Capital Partners LLP grew its stake in Green Plains Partners by 13.1% during the 4th quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock worth $161,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Barclays PLC acquired a new position in Green Plains Partners during the 4th quarter worth $118,000. 15.89% of the stock is owned by hedge funds and other institutional investors.

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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