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.

Several price targets were given for BPL by the analysts covering the stock. The most optimistic price target was 83, which equates to a potential upside of 30.54 percent. The lowest price target was 68, implying potential capital losses of 6.95 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.46 percent. The average change in earnings estimates over the last 90 days is -5.54 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.76 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.45 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 3 analysts that revised their FY estimates downwards.

The growth rate of BPL's earnings is estimated by analysts to be 0.12 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of BPL is 135.17.

In the trailing 52-weeks, BPL hit 73.98 at the highest peak, while it's lowest trading point was 59.73. The current market price is above the trailing year's low by 6.45 percent, and 14.06 percent below the high. BPL has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.