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.

BPL was given price targets by several analysts. The maximum price target given was 83, which equates to a potential upside of 30.54 percent. The most pessimistic price target was 68, which equates to a potential downside of 6.95 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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. Over the past 30 days, FY earnings estimates have also changed downwards by -0.76 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.45 percent.

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. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.

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. Investors like to see smaller values for the PEG ratio, 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, though it could be better to see where the ratio stands relative to peers in the industry. BPL has a PEG ratio of 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 below the high by 14.06 percent. 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.