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 a possible loss of 6.95 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.46 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -5.54 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.76 percent. 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 have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of BPL to grow at a rate of 0.12 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 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.

BPL has a 52-week high of 73.98 and a 52-week low of 59.73. Currently the stock is 6.45 percent higher than its low, 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 market cap of BPL is $8.94 billion. BPL will post this quarters earnings in days, on 0000-00-00.