Analyst Ratings for Buckeye Partners L.P. (BPL)

Updated: 2017-07-29

Shares of Buckeye Partners L.P. (NYSE:BPL) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for BPL last month.

Of the 16 analysts covering the stock, 6 gave it a buy rating, 1 issued an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

A number of analysts gave price targets for BPL. The maximum price target given was 83, implying a possible profit of 30.54 percent. The most pessimistic price target was 68, which equates to a potential downside of 6.95 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.46 percent. That number becomes -5.54 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.76 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -7.45 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts decreased their estimates.

Analysts estimate earnings of BPL to grow at a rate of 0.12 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of BPL is 135.17.

BPL has traded between a high of 73.98 and a low of 59.73 over the past year. Currently the stock is 6.45 percent higher than its low, and 14.06 percent lower than its 52-week high. BPL has a P/E ratio of 16.22. Investors typically compare the P/E ratio to a company's peers in the industry. The BPL value stock report compares BPL to some of its peers using value stock charts. The stock has a market capitalization of $8.94 billion. BPL is estimated to release their earnings results for the quarter on 0000-00-00, days from today.