Tesoro Logistics Receives “Overweight” Rating from JPMorgan Chase & Co. (TLLP)
Tesoro Logistics (NASDAQ:TLLP)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They currently have a $77.00 price target on the stock, up from their previous price target of $71.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 8.02% from the company’s current price.
Shares of Tesoro Logistics (NASDAQ:TLLP) traded up 1.52% on Wednesday, hitting $72.36. The stock had a trading volume of 16,217 shares. Tesoro Logistics has a one year low of $47.40 and a one year high of $71.90. The stock has a 50-day moving average of $67.12 and a 200-day moving average of $58.70. The company has a market cap of $3.940 billion and a P/E ratio of 40.04.
Tesoro Logistics (NASDAQ:TLLP) last announced its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.18. On average, analysts predict that Tesoro Logistics will post $2.50 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Tesoro Logistics from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $74.40 price target on the stock. Separately, analysts at MLV & Co
raised their price target on shares of Tesoro Logistics from $65.00 to $72.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $70.84.
Tesoro Logistics LP (NASDAQ:TLLP) owns, operates, develops and acquires crude oil and refined products logistics assets.
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