RBC Capital Releases a Buy Rating on Boardwalk Pipeline

By Ryan Adsit

In a report issued on March 10, T J Schultz from RBC Capital reiterated a Buy rating on Boardwalk Pipeline (NYSE: BWP), with a price target of $21. The company’s shares opened today at $17.98.

According to TipRanks.com, Schultz is a top 25 analyst with an average return of 26.6% and a 77.4% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Sanchez Production Partners, and Calumet Specialty Products.

Boardwalk Pipeline has an analyst consensus of Hold, with a price target consensus of $21.

Boardwalk Pipeline’s market cap is currently $4.54B and has a P/E ratio of 15.12. The company has a book value ratio of 1.0227.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2015, Steven Barkauskas, the SVP, Controller & CAO of BWP sold 7,009 shares for a total of $82,356.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Boardwalk Pipeline Partners LP is a partnership holding company, which engages in oil and gas pipeline systems and storage facilities. It gathers, processes, and transports natural gas and natural gas liquids. The company was founded on August 4, 2005 and is headquartered in Houston, TX.