Access Midstream Partners Given New $65.00 Price Target at Deutsche Bank (ACMP)
Analysts at Deutsche Bank hoisted their target price on shares of Access Midstream Partners (NASDAQ:ACMP) from $62.00 to $65.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 13.12% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Access Midstream Partners from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 13th. They now have a $57.80 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Access Midstream Partners in a research note on Tuesday, January 7th. They set an “outperform” rating and a $63.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.48.
Shares of Access Midstream Partners (NASDAQ:ACMP) traded up 0.16% during mid-day trading on Wednesday, hitting $57.55. 233,764 shares of the company’s stock traded hands. Access Midstream Partners has a 52-week low of $35.90 and a 52-week high of $58.78. The stock’s 50-day moving average is $55.65 and its 200-day moving average is $51.25. The company has a market cap of $10.178 billion and a P/E ratio of 47.29.
Access Midstream Partners (NASDAQ:ACMP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.04. The company had revenue of $328.10 million for the quarter, compared to the consensus estimate of $298.47 million. On average, analysts predict that Access Midstream Partners will post $1.66 earnings per share for the current fiscal year.
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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