Brokerage Firm Rating Update on Columbia Pipeline Partners LP (CPPL)

Columbia Pipeline Partners LP (CPPL) has an average broker rating of 2.56, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Columbia Pipeline Partners LP (CPPL) : The most positive equity analysts on Columbia Pipeline Partners LP (CPPL) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $17.71 with an expected fluctuation of $2.5 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Columbia Pipeline Partners LP (NYSE:CPPL). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm raises the price target from $15 per share to $17 per share. The rating by the firm was issued on July 28, 2016.

Columbia Pipeline Partners LP (NYSE:CPPL): The stock opened at $14.46 and touched an intraday high of $14.87 on Wednesday. During the day, the stock corrected to an intraday low of $14.42, however, the bulls stepped in and pushed the price higher to close in the green at $14.67 with a gain of 1.80% for the day. The total traded volume for the day was 499,779. The stock had closed at $14.41 in the previous trading session.

Columbia Pipeline Partners LP is a limited partnership, which owns, operates and develops a portfolio of natural gas pipelines, storage and related midstream assets. The Companys business and operations are conducted through CPG OpCo LP and its subsidiaries, which owns and operates substantially all of the natural gas transmission, storage and midstream assets of Columbia Energy Group (CEG). Columbia Energy Group operates approximately 15,000 miles of strategically located interstate pipelines extending from New York to the Gulf of Mexico.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.