Stock News

Shell Midstream Partners, L.P. (SHLX) Forms $26.12 Double Bottom; New Mexico Educational Retirement Board Has Cut Its American Tower (AMT) Position

Shell Midstream Partners, L.P. (SHLX) formed double bottom with $24.81 target or 5.00% below today’s $26.12 share price. Shell Midstream Partners, L.P. (SHLX) has $4.91 billion valuation. The stock increased 1.79% or $0.46 during the last trading session, reaching $26.12. About 102,966 shares traded. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since November 30, 2016 and is downtrending. It has underperformed by 22.59% the S&P500.

New Mexico Educational Retirement Board decreased American Tower Corp (AMT) stake by 8.78% reported in 2017Q2 SEC filing. New Mexico Educational Retirement Board sold 3,800 shares as American Tower Corp (AMT)’s stock rose 18.69%. The New Mexico Educational Retirement Board holds 39,468 shares with $5.38 million value, down from 43,268 last quarter. American Tower Corp now has $61.44B valuation. The stock decreased 2.07% or $3.03 during the last trading session, reaching $143.27. About 731,656 shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since November 30, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

Investors sentiment increased to 1.16 in Q2 2017. Its up 0.01, from 1.15 in 2017Q1. It increased, as 54 investors sold AMT shares while 274 reduced holdings. 91 funds opened positions while 289 raised stakes. 384.25 million shares or 0.68% less from 386.86 million shares in 2017Q1 were reported. Jones Fincl Lllp reported 0.01% in American Tower Corporation (NYSE:REIT). Moreover, State Treasurer State Of Michigan has 0.14% invested in American Tower Corporation (NYSE:REIT) for 139,726 shares. Alliancebernstein Limited Partnership holds 771,305 shares or 0.08% of its portfolio. Rmb Cap Management reported 0.59% in American Tower Corporation (NYSE:REIT). Novare Cap Mngmt owns 36,907 shares for 1.1% of their portfolio. Congress Asset Communication Ma invested 0.17% in American Tower Corporation (NYSE:REIT). Glg Ltd Liability Com owns 21,000 shares. Sand Hill Global Advsrs Limited Co holds 29,865 shares or 0.45% of its portfolio. Gamco Invsts Et Al reported 19,448 shares. Credit Suisse Ag holds 816,150 shares or 0.11% of its portfolio. Moreover, New Amsterdam Llc New York has 0.11% invested in American Tower Corporation (NYSE:REIT) for 3,855 shares. Augustine Asset Mngmt Incorporated reported 7,000 shares stake. 49,502 were reported by Dnb Asset Management As. 1.23M were reported by Amp Capital Investors Ltd. Blackrock has invested 0.18% in American Tower Corporation (NYSE:REIT).

Among 18 analysts covering American Tower Corporation (NYSE:AMT), 17 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. American Tower Corporation had 62 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, November 9 by Macquarie Research. The firm earned “Buy” rating on Tuesday, July 18 by Cowen & Co. The firm has “Buy” rating given on Thursday, June 8 by RBC Capital Markets. Jefferies maintained American Tower Corporation (NYSE:REIT) on Monday, July 3 with “Buy” rating. The firm earned “Buy” rating on Monday, September 11 by UBS. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Cowen & Co on Thursday, September 21. The firm earned “Buy” rating on Monday, September 11 by Jefferies. On Monday, August 24 the stock rating was downgraded by Zacks to “Buy”. The stock has “Buy” rating by Jefferies on Monday, October 16. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Stifel Nicolaus on Wednesday, September 13.

Among 9 analysts covering Shell Midstream Partners (NYSE:SHLX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Shell Midstream Partners has $52 highest and $29 lowest target. $34.75’s average target is 33.04% above currents $26.12 stock price. Shell Midstream Partners had 21 analyst reports since July 2, 2015 according to SRatingsIntel. The company was maintained on Monday, September 25 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 9 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, February 1. UBS maintained Shell Midstream Partners, L.P. (NYSE:SHLX) on Friday, November 17 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, August 20. The rating was maintained by Barclays Capital on Friday, November 17 with “Equal-Weight”. Mizuho initiated it with “Buy” rating and $37 target in Friday, September 30 report. The firm has “Buy” rating given on Monday, November 30 by Evercore. Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Monday, August 14. Stifel Nicolaus has “Buy” rating and $30.0 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 17.

Analysts await Shell Midstream Partners, L.P. (NYSE:SHLX) to report earnings on February, 22. They expect $0.40 earnings per share, up 17.65% or $0.06 from last year’s $0.34 per share. SHLX’s profit will be $75.11M for 16.33 P/E if the $0.40 EPS becomes a reality. After $0.31 actual earnings per share reported by Shell Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 29.03% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *