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


The leading market experts have placed a mean price target of $78.00 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 $1.09 a share for the upcoming quarter and $4.15 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 $72.03, and stock is trading $-2.29 points away or -3.18% from its 50-day moving average of $72.03. Further it is trading $0.82 or +1.20% away its 200-day moving average of $68.92. Buckeye Partners L.P. (NYSE:BPL) 52-week high is $75.10 and the 52-week low is $47.07.

This explains if the stock moves $-5.36, it will post a 52-week high. In event of +48.16% 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 17.93.

The stock last ended the trading session at $69.74 and registered a market cap of $9.14B. 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 4.67.

1 Chart Pattern Every Investor Should Know

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