Citigroup Upgrades Nustar GP (NSH) to “Buy”
Nustar GP (NYSE:NSH) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a $17.00 target price on the pipeline company’s stock. Citigroup’s target price points to a potential upside of 16.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Nustar GP from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub upgraded shares of Nustar GP from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. UBS cut their price objective on shares of Nustar GP from $33.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Barclays cut their price objective on shares of Nustar GP from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. Finally, Mizuho restated a “hold” rating and set a $21.00 price objective on shares of Nustar GP in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Nustar GP presently has an average rating of “Hold” and a consensus price target of $22.33.
Nustar GP (NYSE:NSH) traded down $0.20 during trading on Tuesday, reaching $14.65. 226,300 shares of the company traded hands, compared to its average volume of 126,397. Nustar GP has a 52-week low of $13.65 and a 52-week high of $31.50. The firm has a market capitalization of $637.83, a PE ratio of 11.00 and a beta of 1.03.
TRADEMARK VIOLATION WARNING: “Citigroup Upgrades Nustar GP (NSH) to “Buy”” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/05/citigroup-upgrades-nustar-gp-nsh-to-buy.html.
About Nustar GP
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
Receive News & Ratings for Nustar GP Holdings LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nustar GP Holdings LLC and related companies with MarketBeat.com's FREE daily email newsletter.