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Mizuho Securities announced Buckeye Partners (NYSE:BPL), bumping its target to $76.00 earlier today

In a report released on 09/30/2016 Mizuho Securities bumped up the target price of Buckeye Partners (NYSE:BPL) to $76.00 reporting a potential upside of 0.07%.

Only yesterday Buckeye Partners (NYSE:BPL) traded -0.21% lower at $71.22. Buckeye Partners’s 50-day moving average is $70.34 and its 200-day moving average is $70.26. The last stock close price is up 1.37% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 287,027 shares of the stock traded, down from an avg. volume of 369,575

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Buckeye Partners (NYSE:BPL)

Buckeye Partners has one year low of $47.07 and a one year high of $75.10 with a P/E ratio of 18.31 and has a total market value of $0.

A total of 11 equity analysts have released a ratings update on Buckeye Partners. Five analysts rating the stock a strong buy, 2 brokerages rating the company a buy, 6 firms rating the stock a hold, zero equity analysts rating the stock a underperform, and finally 0 analysts rating the company a sell with a 12-month price target of $74.91.

General Information 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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