A statement released earlier today by Credit Suisse about Buckeye Partners (NYSE:BPL) bumps the target price to $78.00
- Updated: October 12, 2016
Credit Suisse bumped up the target of Buckeye Partners (NYSE:BPL) to $78.00 stating a potential upside of 0.11%.
On 9/30/2016, Mizuho Securities released a statement on Buckeye Partners (NYSE:BPL) bumped up the target price from $0.00 to $76.00 that suggested an upside of 0.07%.
Boasting a price of $70.29, Buckeye Partners (NYSE:BPL) traded -0.68% lower on the day. With the last close down -0.95% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Buckeye Partners has recorded a 50-day average of $70.03 and a two hundred day average of $70.48. Volume of trade was down over the average, with 33,538 shares of BPL changing hands under the typical 382,034
With a total market value of $0, Buckeye Partners has price-earnings ratio of 17.95 with a one year low of $47.07 and a one year high of $75.10 .
A total of 11 brokers have released a ratings update on BPL. Five brokerages rating the company a strong buy, two analysts rating the company a buy, 6 brokers rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell with a one year target of $74.91.
More About Buckeye Partners (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 and marketing of liquid petroleum products. The Company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It is also an independent terminalling and storage operator in the United States in terms of capacity available for service. The Company's terminal network comprises approximately 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across its portfolio of pipelines, inland terminals and marine terminals located primarily in the East Coast and Gulf Coast regions of the United States and in the Caribbean. The Company's marine terminal in The Bahamas, Bahamas Oil Refining Company International Limited (BORCO) provides an array of logistics and blending services for petroleum products.
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