Nustar GP Holdings, LLC (NYSE:NSH) PT Set at $28.00 by Credit Suisse Group

Nustar GP Holdings, LLC (NYSE:NSH) has been given a $28.00 target price by equities researchers at Credit Suisse Group in a research note issued on Sunday, July 30th. The brokerage presently has a “hold” rating on the pipeline company’s stock. Credit Suisse Group’s price target points to a potential upside of 37.93% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays PLC reissued a “hold” rating on shares of Nustar GP Holdings in a report on Friday, April 14th. BidaskClub cut Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Zacks Investment Research cut Nustar GP Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Macquarie initiated coverage on Nustar GP Holdings in a report on Friday, April 21st. They set a “neutral” rating and a $26.00 price target on the stock. Finally, Wells Fargo & Company cut Nustar GP Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Nustar GP Holdings presently has a consensus rating of “Hold” and an average price target of $28.33.

Shares of Nustar GP Holdings (NSH) remained flat at $20.30 during mid-day trading on Friday. 49,053 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $23.08 and a 200 day moving average price of $26.22. Nustar GP Holdings has a 52-week low of $20.05 and a 52-week high of $31.50. The stock has a market cap of $871.91 million, a P/E ratio of 9.53 and a beta of 1.18.

Nustar GP Holdings (NYSE:NSH) last released its earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.21. The company had revenue of $10.96 million for the quarter, compared to the consensus estimate of $16.22 million. Nustar GP Holdings had a return on equity of 25.68% and a net margin of 176.62%. Analysts anticipate that Nustar GP Holdings will post $1.97 earnings per share for the current fiscal year.

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In other Nustar GP Holdings news, Director William E. Greehey bought 42,500 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $21.79 per share, for a total transaction of $926,075.00. Following the completion of the transaction, the director now directly owns 8,646,280 shares of the company’s stock, valued at $188,402,441.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William E. Greehey bought 7,500 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $22.04 per share, with a total value of $165,300.00. Following the transaction, the director now directly owns 8,696,280 shares of the company’s stock, valued at $191,666,011.20. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 73,086 shares of company stock valued at $1,597,498. 21.39% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. WFG Advisors LP raised its stake in shares of Nustar GP Holdings by 13.9% in the second quarter. WFG Advisors LP now owns 12,300 shares of the pipeline company’s stock worth $301,000 after buying an additional 1,500 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Nustar GP Holdings during the second quarter worth about $237,000. Virtu KCG Holdings LLC purchased a new stake in shares of Nustar GP Holdings during the second quarter worth about $246,000. California Public Employees Retirement System raised its stake in shares of Nustar GP Holdings by 8.0% in the second quarter. California Public Employees Retirement System now owns 59,300 shares of the pipeline company’s stock worth $1,450,000 after buying an additional 4,400 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Nustar GP Holdings by 1.5% in the second quarter. Citigroup Inc. now owns 79,554 shares of the pipeline company’s stock worth $1,945,000 after buying an additional 1,142 shares during the last quarter. Hedge funds and other institutional investors own 55.92% of the company’s stock.

Nustar GP Holdings Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

Analyst Recommendations for Nustar GP Holdings (NYSE:NSH)

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