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Boardwalk Pipeline Partners, (NYSE:BWP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday. They currently have a $20.40 price objective on the stock. Zacks‘s price target would suggest a potential upside of 13.27% from the company’s current price.

Boardwalk Pipeline Partners, (NYSE:BWP) traded up 0.83% during mid-day trading on Wednesday, hitting $18.16. The stock had a trading volume of 1,508,905 shares. Boardwalk Pipeline Partners, has a 52-week low of $11.99 and a 52-week high of $33.00. The stock’s 50-day moving average is $17.2 and its 200-day moving average is $17.77. The company has a market cap of $4.417 billion and a P/E ratio of 18.17.

Boardwalk Pipeline Partners, (NYSE:BWP) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.13. The company had revenue of $356.90 million for the quarter, compared to the consensus estimate of $303.09 million. During the same quarter last year, the company posted $0.42 earnings per share. Boardwalk Pipeline Partners,’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Boardwalk Pipeline Partners, will post $0.94 earnings per share for the current fiscal year.

A number of other firms have also recently commented on BWP. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Boardwalk Pipeline Partners, in a research note on Wednesday. They now have a $24.00 price target on the stock, up previously from $18.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Boardwalk Pipeline Partners, in a research note on Tuesday, April 29th. They now have a $18.50 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Boardwalk Pipeline Partners, from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. They now have a $17.00 price target on the stock, up previously from $14.00. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.69.

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company owns and operates three interstate natural gas pipeline systems including integrated storage facilities.

To view Zacks’ full report, visit Zacks’ official website.

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