Analysts Set Andeavor Logistics LP (NYSE:ANDX) Target Price at $42.60

Shares of Andeavor Logistics LP (NYSE:ANDX) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.60.

ANDX has been the subject of several research reports. Zacks Investment Research downgraded shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, June 25th. ValuEngine downgraded shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th.

Institutional investors have recently added to or reduced their stakes in the stock. Cedar Wealth Management LLC lifted its holdings in shares of Andeavor Logistics by 119.5% in the second quarter. Cedar Wealth Management LLC now owns 900 shares of the oil and gas company’s stock worth $33,000 after buying an additional 490 shares in the last quarter. Lee Financial Co purchased a new stake in Andeavor Logistics in the second quarter worth $49,000. Manchester Capital Management LLC purchased a new stake in Andeavor Logistics in the second quarter worth $53,000. Griffin Asset Management Inc. purchased a new stake in Andeavor Logistics in the second quarter worth $54,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Andeavor Logistics in the second quarter worth $60,000. 33.19% of the stock is owned by institutional investors and hedge funds.

The stock’s 50-day moving average is $32.17 and its two-hundred day moving average is $34.24. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.57 and a quick ratio of 0.57. Andeavor Logistics has a 12-month low of $31.49 and a 12-month high of $50.82. The company has a market capitalization of $7.90 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29.

Andeavor Logistics Company Profile

Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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