UBS Maintains an 'Neutral' on Transmontaigne Partners L.P. (TLP); Locking in Current Cash Flow, So Little Room For Growth
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Price: $42.11 +0.67%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade TLP Now!
UBS maintains an 'Neutral' on Transmontaigne Partners L.P. (NYSE: TLP) price target of $36.00 (from $33.00).
Analyst, Ronald J. Barone, said, "In our view, TLP continues to be weighed down by its challenged relationship with Morgan Stanley, its general partner. Absent a change in ownership, TLP is likely to continue to lack the funding needed to reignite investment in growth projects (such as its stake in BOSTCO it has to sell late last year to Kinder Morgan Energy Partners (NYSE: KMP)). While distribution coverage is ~1.5x and we see steady cash flow persisting, we see better risk/reward opportunities elsewhere and rate TLP Neutral."
FY12 EPS estimate raised from $2.13 to $2.64 and FY13 from $2.01 to $2.59.
For an analyst ratings summary and ratings history on Transmontaigne Partners L.P. click here. For more ratings news on Transmontaigne Partners L.P. click here.
Shares of Transmontaigne Partners L.P. closed at $36.40 yesterday, with a 52 week range of $29.89-$37.95.
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Analyst, Ronald J. Barone, said, "In our view, TLP continues to be weighed down by its challenged relationship with Morgan Stanley, its general partner. Absent a change in ownership, TLP is likely to continue to lack the funding needed to reignite investment in growth projects (such as its stake in BOSTCO it has to sell late last year to Kinder Morgan Energy Partners (NYSE: KMP)). While distribution coverage is ~1.5x and we see steady cash flow persisting, we see better risk/reward opportunities elsewhere and rate TLP Neutral."
FY12 EPS estimate raised from $2.13 to $2.64 and FY13 from $2.01 to $2.59.
For an analyst ratings summary and ratings history on Transmontaigne Partners L.P. click here. For more ratings news on Transmontaigne Partners L.P. click here.
Shares of Transmontaigne Partners L.P. closed at $36.40 yesterday, with a 52 week range of $29.89-$37.95.
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