NuStar GP Holdings, LLC (NSH) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of NuStar GP Holdings, LLC (NYSE:NSH) from a hold rating to a buy rating in a report issued on Wednesday. The firm currently has $28.00 price objective on the stock.
According to Zacks, “NUSTAR GP HOLDINGS is a publicly traded limited liability company that owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy L.P.They are one of the largest asphalt refiners and marketers and independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. “
NSH has been the subject of a number of other reports. Mizuho started coverage on NuStar GP Holdings in a research report on Thursday, September 29th. They issued a neutral rating and a $26.00 target price for the company. TheStreet lowered NuStar GP Holdings from a hold rating to a sell rating in a research report on Tuesday, August 2nd. Citigroup Inc. upgraded NuStar GP Holdings from a neutral rating to a buy rating and lifted their price target for the company from $26.00 to $29.00 in a research note on Friday, August 12th. Finally, US Capital Advisors reiterated a hold rating on shares of NuStar GP Holdings in a research note on Wednesday, September 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $27.17.
Shares of NuStar GP Holdings (NYSE:NSH) traded up 0.84% on Wednesday, reaching $25.15. 23,396 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.08 billion, a P/E ratio of 17.55 and a beta of 1.02. NuStar GP Holdings has a one year low of $12.86 and a one year high of $31.55. The firm has a 50 day moving average of $24.73 and a 200 day moving average of $24.22.
NuStar GP Holdings (NYSE:NSH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. On average, equities research analysts predict that NuStar GP Holdings will post $1.48 EPS for the current year.
In other NuStar GP Holdings news, Director William E. Greehey bought 16,308 shares of the stock in a transaction on Friday, August 12th. The shares were acquired at an average price of $24.72 per share, with a total value of $403,133.76. Following the acquisition, the director now directly owns 8,584,823 shares of the company’s stock, valued at approximately $212,216,824.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James F. Clingman sold 5,550 shares of the business’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $25.35, for a total transaction of $140,692.50. Following the sale, the director now directly owns 40,947 shares in the company, valued at approximately $1,038,006.45. The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its stake in shares of NuStar GP Holdings by 1.3% in the first quarter. IFP Advisors Inc now owns 4,856 shares of the company’s stock worth $101,000 after buying an additional 60 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in shares of NuStar GP Holdings during the second quarter worth about $203,000. Cannell Peter B & Co. Inc. acquired a new stake in shares of NuStar GP Holdings during the second quarter worth about $210,000. M&T Bank Corp acquired a new stake in shares of NuStar GP Holdings during the second quarter worth about $213,000. Finally, Fiduciary Financial Services of The Southwest Inc. TX acquired a new stake in shares of NuStar GP Holdings during the second quarter worth about $229,000.
About NuStar GP Holdings
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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