What is Wall Street saying?
We’ve already looked at various operational and financial aspects of Boardwalk Pipeline Partners (BWP), the midstream energy MLP. Now let’s see the Wall Street analysts’ calls on the stock.
Most rate Boardwalk Pipeline Partners a ‘buy’
Approximately 64% of analysts tracking Boardwalk Pipeline Partners (BWP) rate it a “buy” or some equivalent. Approximately 27% rate the company a “hold” or an equivalent, while 9% rate it a “sell.”
When it comes to individual recommendations, RBC Capital Markets, a global investment bank, gives Boardwalk Pipeline Partners a 12-month target price of $25. RBC Capital Markets is part of the Royal Bank of Canada. The bank recommends “outperform” or “buy” equivalent. Boardwalk Pipeline Partners (BWP) currently trades near $16.30, implying a 53% return for the next 12 months, according to RBC.
Ladenburg Thalmann & Co., part of Ladenburg Thalmann Financial Services (LTS), an investment bank, gives Boardwalk Pipeline Partners a $24 target price. This implies a 47% return.
Among the other investment banks, Barclays (BCS) gives Boardwalk Pipeline Partners the lowest target price of $16. This implies a negative 2% return in the next 12 months. Credit Suisse, the investment arm of Credit Suisse Bank (CS), recommends an “outperform” target of $25. This implies a 53% return at the current price over the next one year.
Raymond James, an independent research firm, has recommended “market perform” or “hold” equivalent for Boardwalk Pipeline Partners (BWP). This implies an 11% return over the next 12 months.
Evidently, Wall Street has decent expectations for Boardwalk Pipeline Partners (BWP). In comparison, 56% of analysts tracking DCP Midstream (DPM) rate it a “buy” or some equivalent. Approximately 31% rate the company a “hold” or an equivalent. DCP Midstream Partners (DPM) is 2.5% of the Alerian MLP ETF (AMLP).
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