Will Phillips 66 Partners LP (PSXP) stock outperform the market?
Wall Street is neutral on Phillips 66 Partners LP (PSXP). On average, analysts give the stock a buy rating. The average price target is $ 37.428, which means analysts expect the stock to gain 5.13% over the next twelve months. This average ranking gives the stock an analyst rating of 12, which is better than 12% of stocks based on data compiled by Investors Observer.
Why are analyst ratings important?
Analytical research by professionals can be extremely helpful when making stock market investment decisions. Analysts are able to observe industries in detail and learn how geographic impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve.
Investors Observer combines the ratings of these analysts and ranks them by percentile. This gives you the ability to compare stocks globally as opposed to a standard buy / hold / sell rating.
What is happening with the shares of Phillips 66 Partners LP today?
Phillips 66 Partners LP (PSXP) stock is trading at $ 35.60 at 10:20 a.m. on Monday, July 19, down $ -2.15, or -5.7% from the previous closing price of $ 37.75. The stock has traded between $ 35.52 and $ 36.96 so far today. The volume today is light. So far 224,517 shares have been traded for an average volume of 478,545 shares. Click here for the full Phillips 66 Partners LP share report.