Research Analysts at Stifel Nicolaus Kept their Buy rating for Shell Midstream (SHLX). The PT is $36.0000, Last Week Boise Cascade Co (BCC) Analysts

July 17, 2017 - By wolcottdaily

Among 4 analysts covering Boise Cascade (NYSE:BCC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Boise Cascade had 9 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Friday, July 1. The stock has “Neutral” rating by Goldman Sachs on Wednesday, October 26. The rating was upgraded by DA Davidson to “Buy” on Friday, July 24. BMO Capital Markets maintained Boise Cascade Co (NYSE:BCC) on Friday, June 9 with “Hold” rating. Bank of America upgraded the shares of BCC in report on Tuesday, April 4 to “Buy” rating. BMO Capital Markets maintained Boise Cascade Co (NYSE:BCC) on Thursday, April 13 with “Hold” rating. BMO Capital Markets upgraded Boise Cascade Co (NYSE:BCC) on Friday, February 19 to “Outperform” rating. As per Thursday, September 22, the company rating was initiated by Goldman Sachs. See Boise Cascade Co (NYSE:BCC) latest ratings:

09/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $33.0000 Maintain
13/04/2017 Broker: BMO Capital Markets Rating: Hold New Target: $30.00 Maintain
04/04/2017 Broker: Bank of America Old Rating: Neutral New Rating: Buy New Target: $34.00 Upgrade

Among 7 analysts covering Shell Midstream Partners (NYSE:SHLX), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Shell Midstream Partners has $52 highest and $29 lowest target. $37.83’s average target is 23.63% above currents $30.6 stock price. Shell Midstream Partners had 11 analyst reports since July 2, 2015 according to SRatingsIntel. On Thursday, November 10 the stock rating was downgraded by Barclays Capital to “Equal Weight”. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 9 report. Barclays Capital maintained Shell Midstream Partners LP (NYSE:SHLX) rating on Thursday, July 2. Barclays Capital has “Overweight” rating and $52 target. JP Morgan initiated the shares of SHLX in report on Wednesday, February 1 with “Overweight” rating. Evercore reinitiated the stock with “Buy” rating in Monday, November 30 report. On Thursday, August 18 the stock rating was initiated by Stifel Nicolaus with “Buy”. Mizuho initiated Shell Midstream Partners LP (NYSE:SHLX) on Friday, September 30 with “Buy” rating. RBC Capital Markets initiated Shell Midstream Partners LP (NYSE:SHLX) on Monday, May 2 with “Outperform” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 13. The stock of Shell Midstream Partners LP (NYSE:SHLX) earned “Equal-Weight” rating by Morgan Stanley on Thursday, June 16.

The stock increased 2.00% or $0.6 on July 14, reaching $30.6. About shares traded. Shell Midstream Partners LP (NYSE:SHLX) has declined 5.89% since July 17, 2016 and is downtrending. It has underperformed by 22.59% the S&P500.

Shell Midstream Partners, L.P. is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The company has market cap of $5.53 billion. The Firm conducts its activities through its subsidiary, Shell Midstream Operating, LLC. It has a 23.71 P/E ratio. The Company’s assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers.

Analysts await Shell Midstream Partners LP (NYSE:SHLX) to report earnings on August, 3. They expect $0.32 earnings per share, down 8.57% or $0.03 from last year’s $0.35 per share. SHLX’s profit will be $57.83M for 23.91 P/E if the $0.32 EPS becomes a reality. After $0.33 actual earnings per share reported by Shell Midstream Partners LP for the previous quarter, Wall Street now forecasts -3.03% negative EPS growth.

The stock decreased 0.87% or $0.25 on July 14, reaching $28.4. About shares traded. Boise Cascade Co (NYSE:BCC) has risen 24.71% since July 17, 2016 and is uptrending. It has outperformed by 8.01% the S&P500.

Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.03, from 1.21 in 2016Q3. It increased, as 20 investors sold Boise Cascade Co shares while 50 reduced holdings. 25 funds opened positions while 62 raised stakes. 35.62 million shares or 0.01% less from 35.63 million shares in 2016Q3 were reported. Jpmorgan Chase & Company has 0% invested in Boise Cascade Co (NYSE:BCC). Clinton Group Inc Inc has invested 0.04% of its portfolio in Boise Cascade Co (NYSE:BCC). Meeder Asset Inc owns 370 shares. Clearbridge Invs Limited Liability Company holds 0% of its portfolio in Boise Cascade Co (NYSE:BCC) for 133,438 shares. 1,360 were accumulated by Ls Invest Advisors Limited Company. Nuveen Asset Mngmt Limited Liability Corp accumulated 0% or 16,075 shares. Blackrock Ltd Liability Co holds 0.01% or 200,705 shares. California Employees Retirement Sys invested in 85,500 shares. Schwab Charles Incorporated accumulated 324,820 shares. Creative Planning owns 600 shares or 0% of their US portfolio. United Kingdom-based Pictet Asset Ltd has invested 0.04% in Boise Cascade Co (NYSE:BCC). Stifel Fincl holds 8,860 shares or 0% of its portfolio. Comml Bank Of Montreal Can has invested 0% in Boise Cascade Co (NYSE:BCC). 11,300 were accumulated by Cornerstone Capital Mngmt Hldgs Ltd Co. Tiaa Cref Investment Mgmt Lc holds 0% or 228,338 shares.

Boise Cascade Company is an integrated wood products maker and building materials distributor with activities throughout the United States and one manufacturing facility in Canada. The company has market cap of $1.08 billion. The Firm is also a producer of engineered wood products and plywood in North America. It has a 25.55 P/E ratio. The Firm operates through three divisions: Wood Products, Building Materials Distribution, and Corporate and Other.

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