Access Midstream Partners LP Price Target Increased to $40.00 by Analysts at UBS AG (ACMP)
Stock analysts at UBS AG boosted their target price on shares of Access Midstream Partners LP (NYSE:ACMP) from $39.00 to $40.00 in a report issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective points to a potential downside of 13.55% from the stock’s previous close.
Access Midstream Partners LP (NYSE:ACMP) traded down 1.13% on Thursday, hitting $46.27. The stock had a trading volume of 221,972 shares. Access Midstream Partners LP has a one year low of $29.21 and a one year high of $49.29. The stock’s 50-day moving average is $47.17 and its 200-day moving average is $42.97. The company has a market cap of $8.181 billion and a price-to-earnings ratio of 42.05.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Access Midstream Partners LP from $40.00 to $43.00 in a research note to investors on Thursday. Separately, analysts at Ladenburg Thalmann reiterated a “buy” rating on shares of Access Midstream Partners LP in a research note to investors on Friday, August 2nd. They now have a $52.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Access Midstream Partners LP from $47.00 to $54.00 in a research note to investors on Friday, August 2nd. They now have an “overweight” rating on the stock.
Eight investment analysts have rated the stock with a buy rating, Access Midstream Partners LP currently has an average rating of “Buy” and an average target price of $48.44.
Access Midstream Partners, L.P., formerly Chesapeake Midstream Partners, L.P., is a midstream natural gas services provider with operations focused on owning, operating, developing and acquiring midstream energy assets in the United States.
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