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.

Hedge funds have recently made changes to their positions in the business. Center Coast Capital Advisors LP boosted its stake in shares of Nustar GP by 8.9% in the third quarter. Center Coast Capital Advisors LP now owns 1,175,843 shares of the pipeline company’s stock valued at $25,869,000 after purchasing an additional 96,298 shares during the period. Catalyst Capital Advisors LLC boosted its stake in shares of Nustar GP by 30.4% in the third quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock valued at $12,215,000 after purchasing an additional 129,437 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Nustar GP by 13.9% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 476,160 shares of the pipeline company’s stock valued at $10,476,000 after purchasing an additional 57,985 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Nustar GP by 96.9% in the third quarter. JPMorgan Chase & Co. now owns 164,659 shares of the pipeline company’s stock valued at $3,540,000 after purchasing an additional 81,046 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Nustar GP by 1.5% in the second quarter. Citigroup Inc. now owns 79,554 shares of the pipeline company’s stock valued at $1,945,000 after purchasing an additional 1,142 shares during the period. 55.64% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Nustar GP (NYSE:NSH)

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