USD Partners LP (USDP) Cut to “Neutral” at Janney Montgomery Scott
USD Partners LP (NYSE:USDP) was downgraded by stock analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released on Monday, The Fly reports. The analysts noted that the move was a valuation call.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut USD Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. DA Davidson started coverage on USD Partners in a research note on Thursday, October 6th. They issued a “buy” rating and a $15.00 price target on the stock. Citigroup Inc. lifted their price target on USD Partners from $10.50 to $11.50 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, FBR & Co started coverage on USD Partners in a research note on Friday, September 9th. They issued an “outperform” rating and a $18.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.70.
USD Partners (NYSE:USDP) opened at 14.60 on Monday. The firm has a market capitalization of $338.02 million, a price-to-earnings ratio of 16.63 and a beta of 1.13. USD Partners has a 12 month low of $4.72 and a 12 month high of $14.60. The stock’s 50 day moving average price is $12.47 and its 200-day moving average price is $10.79.
Several large investors have recently modified their holdings of USDP. Creative Planning acquired a new stake in shares of USD Partners during the second quarter worth $105,000. Financial Counselors Inc. purchased a new stake in USD Partners during the second quarter valued at $142,000. GSA Capital Partners LLP raised its stake in USD Partners by 91.8% in the second quarter. GSA Capital Partners LLP now owns 26,083 shares of the company’s stock valued at $251,000 after buying an additional 12,483 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in USD Partners by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 763,885 shares of the company’s stock valued at $7,364,000 after buying an additional 3,250 shares in the last quarter.
USD Partners Company Profile
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services.
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