Alon USA Partners Stock Rating Reaffirmed by Citigroup Inc. (ALDW)
Alon USA Partners (NASDAQ:ALDW)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Monday. They currently have a $20.00 price target on the stock, up from their previous price target of $19.00. Citigroup Inc.’s target price points to a potential upside of 5.04% from the stock’s previous close.
Separately, analysts at Credit Suisse upgraded shares of Alon USA Partners from a “neutral” rating to an “outperform” rating in a research note on Monday.
Alon USA Partners (NASDAQ:ALDW) traded up 0.79% on Monday, hitting $19.19. The stock had a trading volume of 128,783 shares. Alon USA Partners has a one year low of $10.25 and a one year high of $20.42. The stock has a 50-day moving average of $17.85 and a 200-day moving average of $16.9. The company has a market cap of $1.199 billion and a P/E ratio of 25.09.
Alon USA Partners (NASDAQ:ALDW) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.09. The company had revenue of $725.85 million for the quarter, compared to the consensus estimate of $582.34 million. The company’s quarterly revenue was down 16.2% on a year-over-year basis. Analysts expect that Alon USA Partners will post $2.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 25th. Investors of record on Monday, August 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, August 14th.
Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.
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