Barclays PLC Reaffirms Overweight Rating for Andeavor Logistics LP (ANDX)
Andeavor Logistics LP (NASDAQ:ANDX)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays PLC in a note issued to investors on Thursday. They presently have a $62.00 price objective on the stock, down from their previous price objective of $65.00. Barclays PLC’s target price would suggest a potential upside of 27.05% from the company’s previous close.
Andeavor Logistics (NASDAQ:ANDX) traded down 2.67% during trading on Thursday, hitting $48.80. 484,811 shares of the stock traded hands. The company has a market cap of $5.27 billion and a P/E ratio of 28.05. Andeavor Logistics has a 52-week low of $43.00 and a 52-week high of $60.14. The firm has a 50-day moving average price of $51.32 and a 200 day moving average price of $53.61.
Andeavor Logistics (NASDAQ:ANDX) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 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 analysts’ expectations of $441.69 million. On average, equities analysts expect that Andeavor Logistics will post $2.60 EPS for the current year.
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