SMF Energy Corp Receives New Coverage from Analysts at Credit Suisse (FUEL)
Analysts at Credit Suisse started coverage on shares of SMF Energy Corp (NASDAQ:FUEL) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $60.00 price target on the stock. Credit Suisse’s price objective points to a potential downside of 2.29% from the company’s current price. The analysts noted that the move was a valuation call.
SMF Energy Corp (NASDAQ:FUEL) traded down 0.99% during mid-day trading on Tuesday, hitting $60.80. The stock had a trading volume of 84,087 shares. SMF Energy Corp has a 52 week low of $50.90 and a 52 week high of $68.56. The stock has a 50-day moving average of $58.96 and a 200-day moving average of $58.96. The company’s market cap is $1.976 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of SMF Energy Corp in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Piper Jaffray Cos. initiated coverage on shares of SMF Energy Corp in a research note to investors on Tuesday. They set an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of SMF Energy Corp in a research note to investors on Tuesday. They set a “market perform” rating and a $65.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. SMF Energy Corp has a consensus rating of “Buy” and a consensus target price of $62.50.
SMF Energy Corporation provides petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunications and government services industries.
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