Buckeye Partners LP (NYSE:BPL): RBC Capital Reiterates “Hold” Rating Today, Has a Target of $56.0/Share

February 12, 2018 - By Peter Erickson

 Buckeye Partners LP (NYSE:BPL): RBC Capital Reiterates

Investors sentiment increased to 1 in Q3 2017. Its up 0.03, from 0.97 in 2017Q2. It improved, as 39 investors sold Buckeye Partners, L.P. shares while 93 reduced holdings. 29 funds opened positions while 103 raised stakes. 96.89 million shares or 5.45% more from 91.89 million shares in 2017Q2 were reported.

Estabrook has 4,940 shares for 0.04% of their portfolio. 95,606 were reported by Tiedemann Wealth Mgmt Ltd Liability Corporation. State Of New Jersey Common Pension Fund D owns 227,200 shares or 0.05% of their US portfolio. Country Trust Financial Bank reported 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Highstreet Asset Mgmt has 105 shares for 0% of their portfolio. Westwood Management Corp Il reported 0.06% stake. Financial Ser Corp owns 856 shares for 0.02% of their portfolio. Adirondack Com has invested 0.06% in Buckeye Partners, L.P. (NYSE:BPL). 242,822 were accumulated by Asset Mgmt Limited Liability Corp. Sandy Spring Natl Bank holds 0% in Buckeye Partners, L.P. (NYSE:BPL) or 500 shares. Ftb Inc accumulated 978 shares. 46,975 are held by Fincl Bank Of New York Mellon Corporation. Trust Com Of Vermont has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Argyll Limited Liability Corporation holds 2.15% or 156,218 shares in its portfolio. Renaissance Technology Limited Liability Corporation has 0.03% invested in Buckeye Partners, L.P. (NYSE:BPL) for 411,263 shares.

Buckeye Partners LP (NYSE:BPL) Rating Reaffirmed

New York: In a research report revealed on Wednesday morning, RBC Capital reaffirmed their “Hold” rating on Buckeye Partners LP (NYSE:BPL) shares. They now have a $56.0 price target on the firm. RBC Capital’s target would suggest a potential upside of 8.86 % from the company’s last close price.

Investors sentiment increased to 1 in Q3 2017. Its up 0.03, from 0.97 in 2017Q2. It improved, as 39 investors sold Buckeye Partners, L.P. shares while 93 reduced holdings. 29 funds opened positions while 103 raised stakes. 96.89 million shares or 5.45% more from 91.89 million shares in 2017Q2 were reported.

Estabrook has 4,940 shares for 0.04% of their portfolio. 95,606 were reported by Tiedemann Wealth Mgmt Ltd Liability Corporation. State Of New Jersey Common Pension Fund D owns 227,200 shares or 0.05% of their US portfolio. Country Trust Financial Bank reported 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Highstreet Asset Mgmt has 105 shares for 0% of their portfolio. Westwood Management Corp Il reported 0.06% stake. Financial Ser Corp owns 856 shares for 0.02% of their portfolio. Adirondack Com has invested 0.06% in Buckeye Partners, L.P. (NYSE:BPL). 242,822 were accumulated by Asset Mgmt Limited Liability Corp. Sandy Spring Natl Bank holds 0% in Buckeye Partners, L.P. (NYSE:BPL) or 500 shares. Ftb Inc accumulated 978 shares. 46,975 are held by Fincl Bank Of New York Mellon Corporation. Trust Com Of Vermont has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Argyll Limited Liability Corporation holds 2.15% or 156,218 shares in its portfolio. Renaissance Technology Limited Liability Corporation has 0.03% invested in Buckeye Partners, L.P. (NYSE:BPL) for 411,263 shares.

Buckeye Partners, L.P. (NYSE:BPL) Ratings Coverage

Among 15 analysts covering Buckeye Partners (NYSE:BPL), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Buckeye Partners has $86 highest and $42 lowest target. $64.93’s average target is 26.22% above currents $51.44 stock price. Buckeye Partners had 46 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Stifel Nicolaus on Thursday, September 7. The company was maintained on Sunday, July 30 by RBC Capital Markets. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) on Wednesday, October 26 with “Buy” rating. Barclays Capital maintained the shares of BPL in report on Monday, November 6 with “Equal-Weight” rating. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Stifel Nicolaus on Monday, November 2. The rating was maintained by Mizuho on Friday, February 9 with “Hold”. Stifel Nicolaus upgraded it to “Buy” rating and $74 target in Monday, May 8 report. The rating was maintained by RBC Capital Markets on Monday, August 7 with “Hold”. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, August 25 report. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) on Wednesday, March 2 with “Buy” rating.

The stock increased 2.98% or $1.49 during the last trading session, reaching $51.44. About 399,352 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since February 12, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company has market cap of $7.55 billion. The firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. It has a 15.71 P/E ratio. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, diesel fuel, heating oil, and kerosene; refined petroleum products, such as propane and butane, refinery feedstock, and blending components; and crude oil.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Gurufocus.com which released: “Ffcm Llc Buys Johnson & Johnson, Exxon Mobil Corp, AT&T Inc, Sells Buckeye …” on February 07, 2018, also Seekingalpha.com with their article: “How Safe Is The Dividend Of Buckeye Partners?” published on January 17, 2018, Nasdaq.com published: “March 16th Options Now Available For Buckeye Partners (BPL)” on January 22, 2018. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Globenewswire.com and their article: “Buckeye Partners, LP Reports Financial Results for the Fourth Quarter and Full …” published on February 09, 2018 as well as Seekingalpha.com‘s news article titled: “Buckeye Partners’ (BPL) CEO Clark Smith on Q4 2017 Results – Earnings Call …” with publication date: February 10, 2018.

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