Boardwalk Pipeline Partners, Upgraded to “Neutral” at Zacks (BWP)
Boardwalk Pipeline Partners, (NYSE:BWP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday. The firm currently has a $20.40 price target on the stock. Zacks‘s price target would suggest a potential upside of 2.26% from the stock’s previous close.
BWP has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Boardwalk Pipeline Partners, in a research note on Wednesday, August 6th. They now have a $22.00 price target on the stock, up previously from $18.50. Separately, analysts at Credit Suisse raised their price target on shares of Boardwalk Pipeline Partners, from $20.00 to $24.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Boardwalk Pipeline Partners, from $22.00 to $25.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.74.
Shares of Boardwalk Pipeline Partners, (NYSE:BWP) traded up 0.50% on Monday, hitting $19.95. 1,393,169 shares of the company’s stock traded hands. Boardwalk Pipeline Partners, has a 1-year low of $11.99 and a 1-year high of $31.91. The stock’s 50-day moving average is $19.40 and its 200-day moving average is $16.39. The company has a market cap of $4.852 billion and a P/E ratio of 20.55.
Boardwalk Pipeline Partners, (NYSE:BWP) last announced its earnings results on Monday, August 4th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.08. The company had revenue of $293.40 million for the quarter, compared to the consensus estimate of $261.09 million. During the same quarter last year, the company posted $0.28 earnings per share. Boardwalk Pipeline Partners,’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Boardwalk Pipeline Partners, will post $0.99 earnings per share for the current fiscal year.
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company owns and operates three interstate natural gas pipeline systems including integrated storage facilities.
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