New Hold Rating Was Given to Andeavor Logistics (ANDX)

April 21, 2018 - By Graig Alexander

Why Has Deutsche Bank Given Andeavor Logistics (ANDX) a $52 Price Target

Analysts at Deutsche Bank began coverage on shares of Andeavor Logistics (ANDX) in a note shared with investors on Friday morning. The firm set Hold rating on the $10.49B market cap company.

Andeavor Logistics LP (NYSE:ANDX) Ratings Coverage

Among 8 analysts covering Andeavor Logistics LP (ANDX), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Andeavor Logistics LP has $60.0 highest and $46.0 lowest target. $52.25’s average target is 9.29% above currents $47.81 stock price. Andeavor Logistics LP had 10 analyst reports since January 22, 2018 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Wednesday, January 24 report. The rating was maintained by Barclays Capital on Tuesday, April 17 with “Overweight”. As per Wednesday, April 11, the company rating was maintained by Mizuho. UBS maintained Andeavor Logistics LP (NYSE:ANDX) on Friday, March 2 with “Buy” rating. As per Tuesday, March 13, the company rating was maintained by JP Morgan. The stock of Andeavor Logistics LP (NYSE:ANDX) earned “Buy” rating by Citigroup on Tuesday, March 27. The rating was maintained by Seaport Global with “Buy” on Thursday, February 22. Seaport Global maintained Andeavor Logistics LP (NYSE:ANDX) on Monday, April 9 with “Buy” rating.

The stock decreased 1.10% or $0.53 during the last trading session, reaching $47.81. About 244,326 shares traded. Andeavor Logistics LP (ANDX) has declined 17.02% since April 21, 2017 and is downtrending. It has underperformed by 28.57% the S&P500.

Analysts await Andeavor Logistics LP (NYSE:ANDX) to report earnings on May, 7 after the close. They expect $0.62 earnings per share, up 21.57 % or $0.11 from last year’s $0.51 per share. ANDX’s profit will be $136.01M for 19.28 P/E if the $0.62 EPS becomes a reality. After $0.52 actual earnings per share reported by Andeavor Logistics LP for the previous quarter, Wall Street now forecasts 19.23 % 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 $10.49 billion. It operates in three divisions: Gathering, Processing, and Terminalling and Transportation. It has a 22.66 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.

Andeavor Logistics LP (NYSE:ANDX) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.