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Robert W. Baird Thinks Green Plains Partners’ Stock is Going to Recover


Robert W. Baird analyst Ethan Bellamy maintained a Buy rating on Green Plains Partners (NASDAQ: GPP) today and set a price target of $18. The company’s shares closed yesterday at $15.10, close to its 52-week low of $15.04.

According to TipRanks.com, Bellamy is a 2-star analyst with an average return of 1.1% and a 55.8% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Noble Midstream Partners LP, EnLink Midstream Partners, and Targa Resources Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Green Plains Partners with a $19 average price target.

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The company has a one-year high of $20.39 and a one-year low of $15.04. Currently, Green Plains Partners has an average volume of 44.21K.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Green Plains Partners LP provides ethanol and fuel storage, terminal 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 was founded in March 2, 2015 and is headquartered in Omaha, NE.