Analysts Set Murphy USA Inc (NYSE:MUSA) PT at $89.33

Murphy USA Inc (NYSE:MUSA) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $89.33.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Murphy USA from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Monday, July 8th. TheStreet upgraded Murphy USA from a “c+” rating to a “b+” rating in a report on Wednesday, July 31st. ValuEngine cut Murphy USA from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Stephens upgraded Murphy USA from an “equal” rating to an “overweight” rating and raised their price objective for the stock from $92.00 to $100.00 in a report on Tuesday, October 15th.

Shares of MUSA stock traded up $0.78 during mid-day trading on Tuesday, hitting $90.28. 240,314 shares of the company’s stock were exchanged, compared to its average volume of 330,391. Murphy USA has a fifty-two week low of $69.98 and a fifty-two week high of $94.71. The stock has a 50-day simple moving average of $87.55 and a two-hundred day simple moving average of $85.87. The company has a quick ratio of 0.77, a current ratio of 1.13 and a debt-to-equity ratio of 1.02. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 5.51 and a beta of 0.69.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.15). Murphy USA had a return on equity of 20.38% and a net margin of 1.13%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the business earned $1.58 EPS. Murphy USA’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts anticipate that Murphy USA will post 4.05 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of MUSA. FMR LLC boosted its holdings in shares of Murphy USA by 92.3% during the first quarter. FMR LLC now owns 975,626 shares of the specialty retailer’s stock worth $83,532,000 after purchasing an additional 468,295 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Murphy USA in the 1st quarter worth $9,363,000. Nuveen Asset Management LLC raised its position in shares of Murphy USA by 52.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 313,273 shares of the specialty retailer’s stock worth $26,325,000 after buying an additional 107,165 shares during the period. AQR Capital Management LLC raised its position in shares of Murphy USA by 14.5% in the 2nd quarter. AQR Capital Management LLC now owns 734,277 shares of the specialty retailer’s stock worth $61,701,000 after buying an additional 93,089 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Murphy USA by 41.4% in the 2nd quarter. Renaissance Technologies LLC now owns 295,400 shares of the specialty retailer’s stock worth $24,822,000 after buying an additional 86,500 shares during the period. Institutional investors and hedge funds own 85.28% of the company’s stock.

Murphy USA Company Profile

Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express stores located primarily in the Southwest, Southeast, and Midwest United States.

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