Investment analysts at Credit Suisse lifted their target price on shares of Boardwalk Pipeline Partners (NYSE:BWP) from $30.00 to $32.00 in a note issued to investors on Tuesday, AnalystRatings.Net reports. Credit Suisse’s target price suggests a potential upside of 1.11% from the company’s current price.
Separately, analysts at Zacks upgraded shares of Boardwalk Pipeline Partners from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 9th. They now have a $33.90 price target on the stock.
Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.48.
Shares of Boardwalk Pipeline Partners (NYSE:BWP) traded down 0.91% during mid-day trading on Tuesday, hitting $31.65. Boardwalk Pipeline Partners has a 52 week low of $23.55 and a 52 week high of $33.00. The stock’s 50-day moving average is currently $30.. The company has a market cap of $7.298 billion and a P/E ratio of 25.35.
Boardwalk Pipeline Partners (NYSE:BWP) last announced its earnings results on Monday, July 29th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.30. The company had revenue of $288.70 million for the quarter, compared to the consensus estimate of $302.84 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Boardwalk Pipeline Partners will post $1.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 15th. Stockholders of record on Thursday, August 8th will be given a dividend of $0.53 per share. This represents a $2.13 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date of this dividend is Tuesday, August 6th.
Boardwalk Pipeline Partners, LP owns and operates the business conducted by Boardwalk Pipelines, LP (NYSE:BWP) and its subsidiaries, Gulf Crossing Pipeline Company LLC (Gulf Crossing), Gulf South Pipeline Company, LP (Gulf South) and Texas Gas Transmission, LLC (Texas Gas).