Stock To Watch: Buckeye Partners L.P. (NYSE:BPL)


The leading market experts have placed a mean price target of $75.30 on Buckeye Partners L.P. (NYSE:BPL) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.98 a share for the upcoming quarter and $4.23 for the current fiscal. Technical View The technical analysis of Buckeye Partners L.P. Common St plainly substantiates that the 50-day moving average of Buckeye Partners L.P. Common St is $71.11, and stock is hovering 3.25 or +4.57% distant from $71.11. It is noted that the 200-day MA is $65.98, and Buckeye Partners L.P. Common St stock is $8.38 or +12.70% off from this point. Buckeye Partners L.P. (NYSE:BPL) 52-week high is $76.56 and the 52-week low is $47.07. This explains if the stock moves $-2.20, it will post a 52-week high. In event of $+57.98% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Buckeye Partners L.P. Common St, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Buckeye Partners L.P. (NYSE:BPL) ratio came in at 21.00. The stock last ended the trading session at $74.36 and registered a market cap of $9.69B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Buckeye Partners L.P. (NYSE:BPL) PEG ratio is at 5.83.

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