Columbia Pipeline Partners LP (CPPL) : 8 analysts are covering Columbia Pipeline Partners LP (CPPL) and their average rating on the stock is 2.56, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Columbia Pipeline Partners LP (CPPL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Columbia Pipeline Partners LP (CPPL) : 7 Wall Street analysts covering Columbia Pipeline Partners LP (CPPL) believe that the average level the stock could reach for the short term is $17.71. The maximum price target given is $22 and the minimum target for short term is around $15, hence the standard deviation is calculated at $2.5.
Also, Barclays maintains their rating on the shares of Columbia Pipeline Partners LP (NYSE:CPPL). The current rating of the shares is Equalweight. Equity Analysts at the Firm raises the price target to $17 per share from $15 per share. The rating by the firm was issued on July 28, 2016.
Columbia Pipeline Partners LP (NYSE:CPPL): The stock opened in the green at $14.04 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.09 and a low of $13.9 for the day. The stock did not find buyers even at the lows and closed at $14 recording a loss of -0.21%. 490,722 shares exchanged hands during the trading day. The stock had closed at $14.03 in the previous days trading.
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.