Analysis: Columbia Pipeline Group Inc (NYSE:CPGX) Target Upped Today
In analysts report revealed to clients by Jefferies & Co on Monday morning, the firm, Columbia Pipeline Group Inc (NYSE:CPGX), had their target price lowered to $24.00. Analusts now have a solid “Buy” rating on the stock.
From a total of 6 analysts covering Columbia Pipeline Group Inc (NYSE:CPGX) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $32 while the lowest target price is $21. The mean of all analyst targets is $26.17 with a 68.19% above today’s ($17.54) stock price. Columbia Pipeline Group Inc was the topic of 5 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Credit Suisse downgraded shares on October 13 to “Neutral” rating. Barclays Capital initiated CPGX stock in a recent report from September 8 with “Equal Weight” rating. Finally, Citigroup initiated the stock with “Neutral” rating in a report issued on a July 21.
Approximately 1.91 million shares of stock traded hands. Columbia Pipeline Group Inc (NYSE:CPGX) has risen 6.00% since November 7, 2015 and is uptrending. It has outperformed by 7.08% the S&P500.
Columbia Pipeline Group, Inc. owns and operates natural gas pipelines, integrated with the underground storage systems in North America. The company has a market cap of $7.29 billion. The Firm offers a range of services to local gas distribution companies and users of natural gas. It has 20.84 P/E ratio. The Company’s systems connect the natural gas supplies with nation’s energy markets, serving clients in over 16 states from the Gulf Coast to the Midwest, Mid-Atlantic and Northeast.
According to Zacks Investment Research, “Columbia Pipeline Group, Inc. owns, develops and operates natural gas pipelines, storage and related midstream assets. The Company’s projects primarily consists of Leach XPress Project, Modernization Program, Utica Access Project, East Side Expansion project, WB XPress Project, Cameron Access Project, Hanover Replacement Project, Tri-County Bare Steel Replacement Project, Line 1570 Project, E-Systems Project, Line MB Extension, East Side Expansion Project, Utica Access Project and Line WB2VA. Columbia Pipeline Group, Inc. is based in Houston, United States.” Get a free copy of the Zacks research report on Columbia Pipeline Group Inc (CPGX).