A report released today by SunTrust Banks, Inc. about Buckeye Partners, L.P. (NYSE:BPL) raises the target price to $72.00
- Updated: March 20, 2017
In a statement issued on 3/20/2017 SunTrust Banks, Inc. upped the price target of Buckeye Partners, L.P. (NYSE:BPL) to $72.00 reporting a possible upside of 0.08%.
Boasting a price of $66.68, Buckeye Partners, L.P. (NYSE:BPL) traded 0.02% higher on the day. With the last stock price close down -1.33% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $69.51 and a 200-day moving average of $67.58. 460,097 shares of the stock were exchanged, down from an average trading volume of 571,607
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Buckeye Partners, L.P. has a 52 week low of $61.37 and a 52 week high of $75.10 with a P/E ratio of 16.55 The company’s market cap is currently $0.
In addition to SunTrust Banks, Inc. reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $74.91 with 5 firms rating the stock a strong buy, 2 firms rating the stock a buy, 6 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Buckeye Partners, L.P. (NYSE:BPL)
Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. Its segments include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. As of December 31, 2016, the Domestic Pipelines & Terminals segment owned and operated approximately 6,000 miles of pipeline located primarily in the northeastern and upper Midwestern portions of the United States, and serviced approximately 110 delivery locations. The Global Marine Terminals segment provides marine accessible bulk storage and blending services, rail and truck rack loading/unloading, along with petroleum processing services in the East Coast and Gulf Coast regions of the United States and in the Caribbean. The Merchant Services segment is a wholesale distributor of petroleum products in the continental United States and in the Caribbean.
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