MPLX (MPLX) Stock Rating Reiterated at Barclays; The $37 Target Indicates 7.90% Potential; Arthur J. Gallagher & Co. (AJG) Covered By 8 Bulls

April 17, 2018 - By Henry Gaston

Arthur J. Gallagher & Co. (NYSE:AJG) Logo

Among 14 analysts covering Arthur J. Gallagher (NYSE:AJG), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Arthur J. Gallagher had 52 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Monday, August 7. The firm has “Buy” rating by Wells Fargo given on Friday, April 28. The stock of Arthur J. Gallagher & Co. (NYSE:AJG) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, August 17. The firm earned “Sell” rating on Tuesday, November 15 by Goldman Sachs. The stock of Arthur J. Gallagher & Co. (NYSE:AJG) has “Neutral” rating given on Tuesday, April 10 by Citigroup. The rating was maintained by Citigroup with “Neutral” on Tuesday, March 27. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 11 report. The rating was upgraded by William Blair on Monday, March 21 to “Market Perform”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 4. Wells Fargo maintained the shares of AJG in report on Tuesday, June 13 with “Buy” rating. See Arthur J. Gallagher & Co. (NYSE:AJG) latest ratings:

10/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $72 New Target: $71 Maintain
27/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $69 New Target: $72 Maintain
15/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $71.0 Maintain
08/03/2018 Broker: William Blair Rating: Buy Upgrade
20/02/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $70 New Target: $82 Maintain
09/02/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $67 New Target: $69 Maintain
26/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $66.0 Maintain
25/01/2018 Broker: SunTrust Rating: Buy New Target: $75.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $77.0 Maintain
08/12/2017 Broker: Wells Fargo Rating: Buy New Target: $74.0 Maintain

MPLX (NYSE:MPLX) had its stock rating noted as Equal-Weight by analysts at Barclays. Barclays currently has a $37 target on the $27.58B market cap company or 7.90% upside potential. This was revealed in analysts note on Tuesday morning.

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. The company has market cap of $27.58 billion. It operates through Logistics and Storage; and Gathering and Processing divisions. It has a 32.35 P/E ratio. The firm engages in gathering, processing, and transportation of natural gas; the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering, transportation, and storage of crude oil and refined petroleum products.

Since December 11, 2017, it had 0 buys, and 1 insider sale for $74,000 activity. Floerke Gregory Scott also sold $74,000 worth of MPLX LP (NYSE:MPLX) shares.

Analysts await MPLX LP (NYSE:MPLX) to report earnings on May, 1 before the open. They expect $0.46 earnings per share, up 142.11% or $0.27 from last year’s $0.19 per share. MPLX’s profit will be $370.03 million for 18.64 P/E if the $0.46 EPS becomes a reality. After $0.31 actual earnings per share reported by MPLX LP for the previous quarter, Wall Street now forecasts 48.39% EPS growth.

The stock increased 1.57% or $0.53 during the last trading session, reaching $34.29. About 1.51M shares traded. MPLX LP (NYSE:MPLX) has declined 6.29% since April 17, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.

Among 21 analysts covering MPLX LP (NYSE:MPLX), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. MPLX LP has $55 highest and $26 lowest target. $40’s average target is 16.65% above currents $34.29 stock price. MPLX LP had 63 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Friday, March 23. RBC Capital Markets maintained the shares of MPLX in report on Monday, October 9 with “Buy” rating. As per Wednesday, April 11, the company rating was maintained by Mizuho. The firm has “Buy” rating given on Thursday, July 6 by Stifel Nicolaus. Guggenheim upgraded MPLX LP (NYSE:MPLX) on Monday, April 16 to “Buy” rating. The rating was initiated by Citigroup with “Buy” on Friday, February 2. The rating was maintained by Jefferies with “Buy” on Thursday, June 1. Stifel Nicolaus maintained MPLX LP (NYSE:MPLX) rating on Thursday, February 1. Stifel Nicolaus has “Buy” rating and $45.0 target. The rating was maintained by Stifel Nicolaus on Thursday, August 10 with “Buy”. Mizuho maintained the shares of MPLX in report on Friday, February 2 with “Buy” rating.

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.22, from 1.04 in 2017Q3. It fall, as 32 investors sold MPLX LP shares while 89 reduced holdings. 26 funds opened positions while 73 raised stakes. 250.53 million shares or 3.20% less from 258.81 million shares in 2017Q3 were reported. 33,625 are held by Nuveen Asset Mgmt Llc. Moreover, Peddock Cap Advsrs Ltd has 0% invested in MPLX LP (NYSE:MPLX). Stockbridge Ptnrs Ltd Company holds 9.52% or 5.72 million shares. Rafferty Asset Management Limited Liability Co stated it has 0.01% in MPLX LP (NYSE:MPLX). 663,396 were accumulated by Balyasny Asset Mngmt Limited Com. Private Advisors Incorporated owns 160,688 shares. Green Square Cap Llc reported 30,161 shares stake. Bamco Ny reported 0% in MPLX LP (NYSE:MPLX). Hap Trading Limited Com stated it has 0.14% in MPLX LP (NYSE:MPLX). Trellus Mgmt Ltd Limited Liability Company reported 0.29% of its portfolio in MPLX LP (NYSE:MPLX). Raymond James Advsrs Inc invested 0.03% of its portfolio in MPLX LP (NYSE:MPLX). Citadel Advsrs Ltd Liability holds 79,496 shares or 0% of its portfolio. Wells Fargo & Company Mn has 1.42M shares. State Street Corp invested in 35,313 shares. Bokf Na invested in 0.02% or 18,794 shares.

Since November 3, 2017, it had 0 buys, and 11 selling transactions for $4.47 million activity. 1,500 Arthur J. Gallagher & Co. (NYSE:AJG) shares with value of $105,220 were sold by Bay Walter D.. On Friday, February 9 English Frank E. Jr. sold $38,226 worth of Arthur J. Gallagher & Co. (NYSE:AJG) or 600 shares. Shares for $743,492 were sold by HOWELL DOUGLAS K. HAND ELBERT O sold $98,163 worth of stock or 1,466 shares. GALLAGHER THOMAS JOSEPH sold $802,700 worth of Arthur J. Gallagher & Co. (NYSE:AJG) on Monday, January 29. DURKIN JAMES W JR sold 11,670 shares worth $815,733. Cavaness Joel D sold 10,600 shares worth $768,500.

The stock increased 0.81% or $0.56 during the last trading session, reaching $69.84. About 315,923 shares traded. Arthur J. Gallagher & Co. (NYSE:AJG) has risen 19.44% since April 17, 2017 and is uptrending. It has outperformed by 7.89% the S&P500.

Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and risk management services in the United States and internationally. The company has market cap of $12.71 billion. The Company’s Brokerage segment consists of retail and wholesale insurance brokerage operations. It has a 27.5 P/E ratio. The companyÂ’s retail brokerage activities negotiate and place property/casualty, employer-provided health and welfare insurance, and healthcare exchange and retirement solutions primarily for middle-market commercial, industrial, public entity, religious, and not-for-profit entities.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.13, from 1.08 in 2017Q3. It increased, as 23 investors sold Arthur J. Gallagher & Co. shares while 166 reduced holdings. 77 funds opened positions while 151 raised stakes. 146.59 million shares or 1.84% more from 143.95 million shares in 2017Q3 were reported. Fifth Third Fincl Bank invested in 6,068 shares. Ngam Advsr Lp invested 0.13% in Arthur J. Gallagher & Co. (NYSE:AJG). Fmr Ltd Llc reported 0% in Arthur J. Gallagher & Co. (NYSE:AJG). 1,065 are held by Farmers And Merchants Investments. Waddell & Reed Financial has 310,746 shares for 0.04% of their portfolio. Moreover, Brown Advisory Inc has 0.02% invested in Arthur J. Gallagher & Co. (NYSE:AJG) for 106,225 shares. Crestpoint Capital Ltd Liability Corp holds 3,900 shares. Moreover, Westfield Capital L P has 0.59% invested in Arthur J. Gallagher & Co. (NYSE:AJG). Geode Management Lc holds 0.04% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG) for 1.98M shares. State Of Alaska Department Of Revenue holds 0.07% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG) for 46,595 shares. Horizon Investments Ltd owns 0.29% invested in Arthur J. Gallagher & Co. (NYSE:AJG) for 28,778 shares. Cookson Peirce stated it has 0.57% in Arthur J. Gallagher & Co. (NYSE:AJG). Qs Invsts Ltd Limited Liability Company invested in 2,307 shares. Department Mb National Bank & Trust N A stated it has 0% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG). Bb&T Corp owns 31,593 shares for 0.04% of their portfolio.

Arthur J. Gallagher & Co. (NYSE:AJG) Institutional Positions Chart

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