Credit Suisse Group AG Reaffirms “Sell” Rating for NuStar GP Holdings, LLC (NSH)
NuStar GP Holdings, LLC (NYSE:NSH)‘s stock had its “sell” rating restated by research analysts at Credit Suisse Group AG in a research report issued on Monday.
Several other analysts have also issued reports on the company. Citigroup Inc. upgraded NuStar GP Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $29.00 in a research note on Friday, August 12th. TheStreet lowered NuStar GP Holdings from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Zacks Investment Research upgraded NuStar GP Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, October 5th. Mizuho initiated coverage on NuStar GP Holdings in a research note on Thursday, September 29th. They issued a “neutral” rating and a $26.00 price objective on the stock. Finally, US Capital Advisors restated a “hold” rating on shares of NuStar GP Holdings in a research note on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.80.
NuStar GP Holdings (NYSE:NSH) traded up 1.95% on Monday, hitting $26.20. The stock had a trading volume of 19,535 shares. NuStar GP Holdings has a 1-year low of $12.86 and a 1-year high of $27.07. The firm has a market cap of $1.12 billion, a P/E ratio of 18.17 and a beta of 1.02. The firm’s 50-day moving average price is $24.72 and its 200-day moving average price is $24.71.
NuStar GP Holdings (NYSE:NSH) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. On average, equities research analysts predict that NuStar GP Holdings will post $1.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Tuesday, November 8th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 8.48%.
In related news, Director James F. Clingman sold 5,550 shares of the stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $25.35, for a total transaction of $140,692.50. Following the sale, the director now owns 40,947 shares of the company’s stock, valued at $1,038,006.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Large investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in shares of NuStar GP Holdings by 50.0% in the third quarter. D.A. Davidson & CO. now owns 4,500 shares of the company’s stock worth $115,000 after buying an additional 1,500 shares in the last quarter. IFP Advisors Inc increased its stake in shares of NuStar GP Holdings by 4.1% in the second quarter. IFP Advisors Inc now owns 5,056 shares of the company’s stock worth $130,000 after buying an additional 200 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of NuStar GP Holdings during the third quarter worth about $143,000. Brookfield Asset Management Inc. bought a new stake in shares of NuStar GP Holdings during the third quarter worth about $148,000. Finally, Beach Investment Counsel Inc. PA bought a new stake in shares of NuStar GP Holdings during the second quarter worth about $203,000.
NuStar GP Holdings Company Profile
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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