NuStar GP Holdings, LLC (NSH) Receives Average Rating of “Hold” from Brokerages

Shares of NuStar GP Holdings, LLC (NYSE:NSH) have received an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.83.

A number of research analysts have weighed in on the stock. Barclays dropped their price objective on shares of NuStar GP from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 17th. Zacks Investment Research downgraded shares of NuStar GP from a “hold” rating to a “sell” rating in a report on Thursday, June 7th. ValuEngine upgraded shares of NuStar GP from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. B. Riley restated a “neutral” rating and set a $14.00 price objective (down previously from $20.00) on shares of NuStar GP in a report on Tuesday, March 20th. Finally, Mizuho restated a “hold” rating and set a $13.00 price objective on shares of NuStar GP in a report on Wednesday, April 11th.

Shares of NuStar GP traded down $0.15, reaching $13.15, on Tuesday, MarketBeat reports. 3,600 shares of the stock were exchanged, compared to its average volume of 183,568. NuStar GP has a one year low of $10.40 and a one year high of $25.25. The company has a market cap of $551.95 million, a PE ratio of 6.54 and a beta of 1.32.

NuStar GP (NYSE:NSH) last issued its quarterly earnings results on Thursday, April 26th. The pipeline company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.05). NuStar GP had a return on equity of 21.96% and a net margin of 174.77%. The firm had revenue of $13.32 million for the quarter. equities analysts predict that NuStar GP will post 0.2 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Advisory Inc. lifted its holdings in shares of NuStar GP by 70.0% in the 4th quarter. Brown Advisory Inc. now owns 17,000 shares of the pipeline company’s stock worth $267,000 after acquiring an additional 7,000 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of NuStar GP by 512.9% in the 1st quarter. Citigroup Inc. now owns 411,335 shares of the pipeline company’s stock worth $4,751,000 after acquiring an additional 344,225 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of NuStar GP by 27.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,914 shares of the pipeline company’s stock worth $720,000 after acquiring an additional 9,824 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of NuStar GP by 293.2% in the 4th quarter. Deutsche Bank AG now owns 279,049 shares of the pipeline company’s stock worth $4,381,000 after acquiring an additional 208,084 shares during the last quarter. Finally, Brookfield Asset Management Inc. lifted its holdings in shares of NuStar GP by 1,116.1% in the 4th quarter. Brookfield Asset Management Inc. now owns 1,237,980 shares of the pipeline company’s stock worth $19,436,000 after acquiring an additional 1,136,180 shares during the last quarter. Hedge funds and other institutional investors own 47.61% of the company’s stock.

NuStar GP Company Profile

NuStar GP Holdings, LLC, through its ownership interests in NuStar Energy L.P., engages in the transportation of petroleum products and anhydrous ammonia. The company is also involved in the terminalling, storage, and marketing of petroleum products. It has pipelines in the United States; and terminal and storage facilities in the United States, Canada, Mexico, and the United Kingdom, as well as the Netherlands, including St.

Analyst Recommendations for NuStar GP (NYSE:NSH)

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