Andeavor Logistics LP (NASDAQ:ANDX) has been assigned an average broker rating score of 1.45 (Strong Buy) from the ten brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and seven have given a strong buy rating to the company. Andeavor Logistics’ rating score has improved by 8.8% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price objective of $62.00 for the company and are predicting that the company will post $0.66 EPS for the current quarter, according to Zacks. Zacks has also assigned Andeavor Logistics an industry rank of 233 out of 265 based on the ratings given to related companies.
Several research firms recently issued reports on ANDX. Mitsubishi UFJ Financial Group upgraded shares of Andeavor Logistics to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, August 16th. Credit Suisse Group boosted their target price on shares of Andeavor Logistics from $59.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, August 11th. Bank of America Corporation dropped their target price on shares of Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. Barclays PLC restated an “overweight” rating and issued a $62.00 target price (down previously from $65.00) on shares of Andeavor Logistics in a report on Thursday, August 10th. Finally, Scotiabank restated a “buy” rating and issued a $59.00 target price on shares of Andeavor Logistics in a report on Thursday.
Shares of Andeavor Logistics (ANDX) traded down 1.24% during mid-day trading on Friday, reaching $47.62. The company had a trading volume of 105,234 shares. The stock has a 50 day moving average of $51.13 and a 200-day moving average of $53.16. The firm has a market capitalization of $5.14 billion and a price-to-earnings ratio of 27.37. Andeavor Logistics has a one year low of $43.00 and a one year high of $60.14.
Andeavor Logistics (NASDAQ:ANDX) last released its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.01. The company had revenue of $413 million for the quarter, compared to analyst estimates of $441.69 million. Equities analysts predict that Andeavor Logistics will post $2.49 EPS for the current year.
The company also recently announced a dividend, which was paid on Monday, August 14th. Investors of record on Friday, August 4th were issued a $0.971 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd.
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