Credit Suisse Group initiated coverage on shares of Boardwalk Pipeline Partners (NYSE:BWP) in a research report issued to clients and investors on Thursday, January 4th, MarketBeat reports. The brokerage set a “neutral” rating and a $15.00 price target on the pipeline company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 16.01% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on BWP. Citigroup decreased their price target on shares of Boardwalk Pipeline Partners from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Royal Bank of Canada restated a “hold” rating and issued a $18.00 target price on shares of Boardwalk Pipeline Partners in a research note on Wednesday, September 6th. ValuEngine downgraded shares of Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. UBS Group reiterated a “buy” rating and set a $18.00 price target (down previously from $22.00) on shares of Boardwalk Pipeline Partners in a research report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded shares of Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Boardwalk Pipeline Partners has a consensus rating of “Hold” and a consensus price target of $19.25.

How to Become a New Pot Stock Millionaire

Boardwalk Pipeline Partners (BWP) opened at $12.93 on Thursday. Boardwalk Pipeline Partners has a 52-week low of $12.79 and a 52-week high of $18.95. The company has a market cap of $3,303.91, a P/E ratio of 9.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.56 and a quick ratio of 0.56.

Boardwalk Pipeline Partners (NYSE:BWP) last announced its earnings results on Monday, October 30th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Boardwalk Pipeline Partners had a net margin of 22.50% and a return on equity of 7.55%. The business had revenue of $300.50 million for the quarter, compared to analyst estimates of $324.85 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Boardwalk Pipeline Partners’s revenue was down .9% compared to the same quarter last year. sell-side analysts forecast that Boardwalk Pipeline Partners will post 1.4 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in BWP. The Manufacturers Life Insurance Company boosted its position in Boardwalk Pipeline Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,374 shares of the pipeline company’s stock worth $133,000 after acquiring an additional 494 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Boardwalk Pipeline Partners by 0.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,241 shares of the pipeline company’s stock worth $202,000 after acquiring an additional 31 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in Boardwalk Pipeline Partners during the 2nd quarter worth approximately $211,000. Cetera Investment Advisers acquired a new position in Boardwalk Pipeline Partners during the 2nd quarter worth approximately $248,000. Finally, HAP Trading LLC acquired a new stake in shares of Boardwalk Pipeline Partners in the 2nd quarter valued at approximately $280,000. 98.09% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Boardwalk Pipeline Partners (BWP) Earns Neutral Rating from Analysts at Credit Suisse Group” was originally published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.mareainformativa.com/2018/01/30/credit-suisse-group-begins-coverage-on-boardwalk-pipeline-partners-bwp-updated-updated-updated.html.

Boardwalk Pipeline Partners Company Profile

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas.

Analyst Recommendations for Boardwalk Pipeline Partners (NYSE:BWP)

Receive News & Ratings for Boardwalk Pipeline Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk Pipeline Partners and related companies with MarketBeat.com's FREE daily email newsletter.