Brokerages Set Green Plains Partners LP (GPP) PT at $18.00

Shares of Green Plains Partners LP (NASDAQ:GPP) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.00.

Several research firms recently issued reports on GPP. ValuEngine downgraded Green Plains Partners from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Stephens set a $21.00 price objective on Green Plains Partners and gave the company a “buy” rating in a report on Wednesday, July 25th. BidaskClub downgraded Green Plains Partners from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Monday, October 15th. Finally, Stifel Nicolaus cut their price objective on Green Plains Partners from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd.

Hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp grew its stake in Green Plains Partners by 8.2% during the 2nd quarter. Sigma Planning Corp now owns 44,422 shares of the transportation company’s stock worth $762,000 after purchasing an additional 3,377 shares in the last quarter. Stifel Financial Corp grew its stake in Green Plains Partners by 16.5% during the 1st quarter. Stifel Financial Corp now owns 24,899 shares of the transportation company’s stock worth $434,000 after purchasing an additional 3,526 shares in the last quarter. Raymond James & Associates grew its stake in Green Plains Partners by 11.4% during the 2nd quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock worth $688,000 after purchasing an additional 4,123 shares in the last quarter. Cavalier Investments LLC grew its stake in Green Plains Partners by 41.1% during the 2nd quarter. Cavalier Investments LLC now owns 17,242 shares of the transportation company’s stock worth $295,000 after purchasing an additional 5,024 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Green Plains Partners during the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 16.35% of the company’s stock.

NASDAQ:GPP opened at $15.06 on Friday. Green Plains Partners has a 52 week low of $14.40 and a 52 week high of $19.35. The firm has a market capitalization of $474.25 million, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.57 and a beta of 0.43.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, November 2nd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.90 annualized dividend and a dividend yield of 12.62%. Green Plains Partners’s dividend payout ratio is presently 104.97%.

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 39 ethanol storage facilities and approximately 61 acres of land.

See Also: What is a Reverse Stock Split?

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

Leave a Reply