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.

Investment analysts gave a few price targets for BPL. The most optimistic analyst gave a price target of 83, which equates to a potential upside of 30.54 percent. The lowest 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.46 percent on average, compared to last month. That number becomes -5.54 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of BPL is 135.17.

In the last 52-weeks, BPL has achieved a high of 73.98 and a low of 59.73. The current market price is above the trailing year's low by 6.45 percent, 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's next earnings release will be on 0000-00-00, which is days away.