USD Partners (USDP) Upgraded to “Strong-Buy” at ValuEngine
USD Partners (NYSE:USDP) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.
Several other research firms also recently weighed in on USDP. BidaskClub upgraded shares of USD Partners from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. TheStreet upgraded shares of USD Partners from a “c” rating to a “b-” rating in a report on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of USD Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. USD Partners has an average rating of “Hold” and an average price target of $15.50.
USD Partners (NYSE:USDP) traded up $0.05 on Monday, reaching $10.05. 14,634 shares of the company’s stock traded hands, compared to its average volume of 60,314. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.83 and a current ratio of 0.83. USD Partners has a 1 year low of $9.00 and a 1 year high of $17.50. The firm has a market capitalization of $266.23, a P/E ratio of 10.20 and a beta of 0.95.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in shares of USD Partners in the 2nd quarter worth $20,960,000. Evergreen Capital Management LLC grew its stake in shares of USD Partners by 39.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 862,570 shares of the transportation company’s stock worth $9,488,000 after acquiring an additional 242,350 shares in the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of USD Partners in the 2nd quarter worth $2,382,000. Renaissance Technologies LLC grew its stake in shares of USD Partners by 10.3% in the 1st quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock worth $808,000 after acquiring an additional 6,125 shares in the last quarter. Finally, Institutional & Family Asset Management LLC bought a new stake in shares of USD Partners in the 3rd quarter worth $271,000. Hedge funds and other institutional investors own 27.01% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “USD Partners (USDP) Upgraded to “Strong-Buy” at ValuEngine” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/04/usd-partners-usdp-upgraded-to-strong-buy-at-valuengine.html.
USD Partners Company Profile
USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for USD Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USD Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.