Alon USA Partners Stock Rating Upgraded by Zacks (ALDW)
Alon USA Partners (NASDAQ:ALDW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday. The firm currently has a $20.50 price target on the stock. Zacks‘s price target suggests a potential upside of 2.40% from the company’s current price.
Shares of Alon USA Partners (NASDAQ:ALDW) traded up 0.95% on Wednesday, hitting $20.21. 70,242 shares of the company’s stock traded hands. Alon USA Partners has a one year low of $10.25 and a one year high of $20.09. The stock’s 50-day moving average is $18.35 and its 200-day moving average is $17.49. The company has a market cap of $1.263 billion and a P/E ratio of 26.38.
Alon USA Partners (NASDAQ:ALDW) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Alon USA Partners will post $2.55 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Alon USA Partners in a research note on Monday, August 11th. They now have a $20.00 price target on the stock, up previously from $19.00. 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, August 11th.
Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.
To view Zacks’ full report, visit Zacks’ official website.
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