Andeavor Logistics LP (NASDAQ:ANDX) Price Target Raised to $63.00 at Credit Suisse Group
Andeavor Logistics LP (NASDAQ:ANDX) had its price objective boosted by equities researchers at Credit Suisse Group from $59.00 to $63.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 29.10% from the stock’s previous close.
Separately, Barclays PLC reissued an “overweight” rating and set a $62.00 target price (down from $65.00) on shares of Andeavor Logistics in a research report on Thursday.
Andeavor Logistics (NASDAQ:ANDX) traded down 0.66% during midday trading on Friday, reaching $48.48. The company’s stock had a trading volume of 320,338 shares. The firm has a market capitalization of $5.24 billion and a price-to-earnings ratio of 27.86. The stock’s 50-day moving average price is $51.39 and its 200-day moving average price is $53.58. Andeavor Logistics has a 12 month low of $43.00 and a 12 month high of $60.14.
Andeavor Logistics (NASDAQ:ANDX) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $413 million for the quarter, compared to analysts’ expectations of $441.69 million. Analysts predict that Andeavor Logistics will post $2.59 EPS for the current year.
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