Andeavor Logistics LP (ANDX) Upgraded to Buy by Mitsubishi UFJ Financial Group
Andeavor Logistics LP (NASDAQ:ANDX) was upgraded by investment analysts at Mitsubishi UFJ Financial Group to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $60.00 target price on the stock. Mitsubishi UFJ Financial Group’s price target suggests a potential upside of 27.82% from the stock’s previous close.
A number of other research firms also recently weighed in on ANDX. Barclays PLC reaffirmed an “overweight” rating and set a $62.00 price target (down from $65.00) on shares of Andeavor Logistics in a research note on Thursday, August 10th. Credit Suisse Group upped their price target on Andeavor Logistics from $59.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, August 11th. Finally, Bank of America Corporation dropped their price target on Andeavor Logistics from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday.
Andeavor Logistics (NASDAQ ANDX) traded up 0.26% on Wednesday, hitting $46.94. The company had a trading volume of 671,877 shares. The stock’s 50-day moving average price is $51.32 and its 200 day moving average price is $53.31. Andeavor Logistics has a one year low of $43.00 and a one year high of $60.14. The company has a market capitalization of $5.07 billion and a P/E ratio of 26.98.
Andeavor Logistics (NASDAQ:ANDX) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $413 million during the quarter, compared to the consensus estimate of $441.69 million. On average, analysts expect that Andeavor Logistics will post $2.55 EPS for the current fiscal year.
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