Analyst Rating: Will Phillips 66 Partners LP (PSXP) Stock Outperform the Market?

Monday, July 19, 2021 10:39 AM | InvestorsObserver Analysts

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Analyst Rating: Will Phillips 66 Partners LP (PSXP) Stock Outperform the Market?

Wall Street is neutral on Phillips 66 Partners LP (PSXP). On average, analysts give the stock a Buy rating. The average price target is $37.428, which means analysts expect the stock to gain by 5.13% over the next twelve months. That average ranking earns the stock an Analyst Rating of 12, which is better than 12% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating PSXP a Buy today. Find out what this means to you and get the rest of the rankings on PSXP!

See Full PSXP Report

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Phillips 66 Partners LP Stock Today?

Phillips 66 Partners LP (PSXP) stock is trading at $35.60 as of 10:20 AM on Monday, Jul 19, a drop of -$2.15, or -5.7% from the previous closing price of $37.75. The stock has traded between $35.52 and $36.96 so far today. Volume today is light. So far 224,517 shares have traded compared to average volume of 478,545 shares. Click Here to get the full Stock Report for Phillips 66 Partners LP stock.