SunTrust Robinson analyst Tristan Richardson downgraded Andeavor Logistics LP (ANDX) to Hold today and set a price target of $41. The company’s shares closed yesterday at $37.74, close to its 52-week low of $37.53.
According to TipRanks.com, Richardson is ranked #3586 out of 4883 analysts.
Andeavor Logistics LP has an analyst consensus of Hold, with a price target consensus of $45.50, a 20.6% upside from current levels. In a report issued on November 6, RBC Capital also maintained a Hold rating on the stock with a $47 price target.
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The company has a one-year high of $55.21 and a one-year low of $37.53. Currently, Andeavor Logistics LP has an average volume of 608.7K.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ANDX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Andeavor Logistics LP engages in the ownership, operation, development, and acquisition of crude oil and refined products logistics assets. It operates through the following segments: Terminalling and Transportation, Gathering and Processing, and Wholesale.
