JP Morgan Reaffirms Andeavor Logistics (ANDX) As a Overweight; They Now Have a Target Price Of $55

March 14, 2018 - By Richard Conner

 JP Morgan Reaffirms Andeavor Logistics (ANDX) As a Overweight; They Now Have a Target Price Of $55

Andeavor Logistics (ANDX) Rating Reaffirmed

The company has just set a target price per share of $55 on Andeavor Logistics (ANDX) shares. This is 18.10 % from the close price. In analysts note shared with investors on Tuesday morning, JP Morgan maintained their Overweight rating on shares of ANDX.

Andeavor Logistics LP (NYSE:ANDX) Ratings Coverage

Among 5 analysts covering Andeavor Logistics LP (ANDX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Andeavor Logistics LP has $60.0 highest and $46.0 lowest target. $55’s average target is 18.10% above currents $46.57 stock price. Andeavor Logistics LP had 5 analyst reports since January 22, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 22 by Seaport Global. The rating was maintained by UBS on Friday, March 2 with “Buy”. The firm has “Hold” rating by Jefferies given on Wednesday, January 24. The stock has “Overweight” rating by JP Morgan on Tuesday, March 13.

The stock decreased 2.02% or $0.96 during the last trading session, reaching $46.57. About 110,487 shares traded. Andeavor Logistics LP (ANDX) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Andeavor Logistics LP (NYSE:ANDX) to report earnings on May, 14. They expect $0.63 earnings per share, up 23.53 % or $0.12 from last year’s $0.51 per share. ANDX’s profit will be $138.20M for 18.48 P/E if the $0.63 EPS becomes a reality. After $0.52 actual earnings per share reported by Andeavor Logistics LP for the previous quarter, Wall Street now forecasts 21.15 % EPS growth.

Andeavor Logistics LP owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the United States. The company has market cap of $10.22 billion. It operates in three divisions: Gathering, Processing, and Terminalling and Transportation. It has a 22.07 P/E ratio. The Gathering segment includes natural gas and crude oil pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana; and the Green River Basin, Uinta Basin, and Vermillion Basin in the states of Utah, Colorado, and Wyoming.

More notable recent Andeavor Logistics LP (NYSE:ANDX) news were published by: which released: “Can Andeavor Logistics LP Keep Increasing Its Dividend?” on February 28, 2018, also with their article: “Andeavor Logistics’ (ANDX) CEO Gregory Goff on Q4 2017 Results – Earnings Call …” published on February 17, 2018, published: “Andeavor Logistics (ANDX) Shares Enter Oversold Territory” on March 02, 2018. More interesting news about Andeavor Logistics LP (NYSE:ANDX) were released by: and their article: “Why Andeavor Logistics (ANDX) Might Surprise This Earnings Season February 14 …” published on February 14, 2018 as well as‘s news article titled: “Better Buy: Holly Energy Partners, LP vs. Andeavor Logistics LP” with publication date: February 06, 2018.

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