$0.86 EPS Expected for Buckeye Partners, L.P. (BPL); Bank Of America (BAC) Has 1.12 Sentiment

September 24, 2017 - By Peter Erickson

Analysts expect Buckeye Partners, L.P. (NYSE:BPL) to report $0.86 EPS on October, 23.They anticipate $0.33 EPS change or 27.73% from last quarter’s $1.19 EPS. BPL’s profit would be $121.45 million giving it 16.22 P/E if the $0.86 EPS is correct. After having $0.80 EPS previously, Buckeye Partners, L.P.’s analysts see 7.50% EPS growth. The stock decreased 0.29% or $0.16 on September 22, reaching $55.8. About 426,050 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since September 24, 2016 and is downtrending. It has underperformed by 22.69% the S&P500.

Bank of America Corporation is a bank holding firm and a financial holding company. The company has market cap of $263.98 billion. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products. It has a 15.09 P/E ratio. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business divisions: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

Among 11 analysts covering Buckeye Partners (NYSE:BPL), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Buckeye Partners had 34 analyst reports since August 4, 2015 according to SRatingsIntel. Mizuho maintained the shares of BPL in report on Monday, February 13 with “Neutral” rating. The firm earned “Hold” rating on Sunday, July 30 by RBC Capital Markets. The rating was reinitiated by Barclays Capital on Tuesday, January 17 with “Equal Weight”. RBC Capital Markets maintained the stock with “Hold” rating in Monday, August 7 report. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) on Monday, November 2 with “Buy” rating. As per Tuesday, March 15, the company rating was maintained by JP Morgan. The company was downgraded on Thursday, December 15 by Goldman Sachs. The firm has “Hold” rating by Stifel Nicolaus given on Monday, February 13. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Stifel Nicolaus on Wednesday, March 2. The rating was initiated by Credit Suisse with “Neutral” on Wednesday, October 12.

Since May 24, 2017, it had 0 insider purchases, and 1 sale for $219,760 activity. RUSSO TODD J sold 3,280 shares worth $219,760.

Investors sentiment decreased to 0.97 in 2017 Q2. Its down 0.21, from 1.18 in 2017Q1. It fall, as 27 investors sold Buckeye Partners, L.P. shares while 100 reduced holdings. 32 funds opened positions while 91 raised stakes. 91.89 million shares or 0.83% less from 92.66 million shares in 2017Q1 were reported. The New York-based Sg Americas Secs Ltd Liability Co has invested 0.03% in Buckeye Partners, L.P. (NYSE:BPL). Renaissance Tech Limited Liability Corp owns 0.01% invested in Buckeye Partners, L.P. (NYSE:BPL) for 171,834 shares. Ent Fincl Corp owns 856 shares. The Virginia-based Rdl Inc has invested 0.61% in Buckeye Partners, L.P. (NYSE:BPL). Deutsche Bancshares Ag reported 1.24M shares stake. Cincinnati Communication reported 0.1% stake. The Rhode Island-based Richard C Young & Limited has invested 0.5% in Buckeye Partners, L.P. (NYSE:BPL). Architects Inc invested in 0.03% or 2,570 shares. Plante Moran Financial Ltd Liability accumulated 765 shares. 4,465 were accumulated by Drexel Morgan &. Rafferty Asset Management Limited Co holds 46,385 shares or 0.09% of its portfolio. Cv Starr Communication Inc Tru invested in 180,000 shares or 4.95% of the stock. Catalyst Advsrs Ltd Co reported 899 shares stake. Kings Point Cap Mgmt accumulated 0.01% or 681 shares. State Street Corporation holds 0% or 15,809 shares in its portfolio.

Buckeye Partners, L.P. owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. The company has market cap of $7.88 billion. The Company’s divisions include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It has a 15.35 P/E ratio. As of December 31, 2016, the Domestic Pipelines & Terminals segment owned and operated approximately 6,000 miles of pipeline located primarily in the northeastern and upper Midwestern portions of the United States, and serviced approximately 110 delivery locations.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on October, 13 before the open. They expect $0.47 earnings per share, up 14.63% or $0.06 from last year’s $0.41 per share. BAC’s profit will be $4.96 billion for 13.31 P/E if the $0.47 EPS becomes a reality. After $0.46 actual earnings per share reported by Bank of America Corp for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

Daily Journal Corp holds 36.74% of its portfolio in Bank of America Corp for 2.30 million shares. First Trust Bank Ltd. owns 280,721 shares or 27.29% of their US portfolio. Moreover, Theleme Partners Llp has 25.58% invested in the company for 19.75 million shares. The United Kingdom-based Toscafund Asset Management Llp has invested 25.06% in the stock. Salzhauer Michael, a New York-based fund reported 1.46 million shares.

Ratings analysis reveals 25% of Bank of America’s analysts are positive. Out of 8 Wall Street analysts rating Bank of America, 2 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $17.0 while the high is $26.0. The stock’s average target of $21.46 is -14.23% below today’s ($25.02) share price. BAC was included in 9 notes of analysts from September 13, 2016. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 8 report. Robert W. Baird downgraded it to “Neutral” rating and $18.0 target in Wednesday, November 16 report. On Thursday, December 1 the stock rating was downgraded by Standpoint Research to “Hold”. On Thursday, February 16 the stock rating was upgraded by Macquarie Research to “Outperform”. The stock has “Buy” rating by Citigroup on Wednesday, January 11. Societe Generale downgraded Bank of America Corp (NYSE:BAC) on Tuesday, September 13 to “Hold” rating. The stock of Bank of America Corp (NYSE:BAC) has “Equal Weight” rating given on Tuesday, January 3 by Barclays Capital. The company was downgraded on Tuesday, November 15 by Guggenheim.

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