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Alon USA Partners (NASDAQ:ALDW) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $21.50 price objective on the stock. Zacks‘s price target suggests a potential upside of 19.18% from the company’s current price.

Separately, analysts at Barclays raised their price target on shares of Alon USA Partners from $14.00 to $16.00 in a research note on Tuesday, May 6th. They now have an “underweight” rating on the stock.

Alon USA Partners (NASDAQ:ALDW) traded down 2.83% during mid-day trading on Monday, hitting $17.53. The stock had a trading volume of 147,903 shares. Alon USA Partners has a one year low of $10.25 and a one year high of $22.33. The stock’s 50-day moving average is $18.58 and its 200-day moving average is $16.70. The company has a market cap of $1.096 billion and a P/E ratio of 13.27.

Alon USA Partners (NASDAQ:ALDW) last announced its earnings results on Thursday, May 1st. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.08. The company had revenue of $856.46 million for the quarter, compared to the consensus estimate of $765.05 million. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Alon USA Partners will post $2.09 earnings per share for the current fiscal year.

Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.

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