Wells Fargo Keeps Their Buy Rating on Murphy USA (MUSA)
Wells Fargo analyst Anthony Bonadio maintained a Buy rating on Murphy USA (MUSA – Research Report) yesterday and set a price target of $520.00. The company’s shares closed yesterday at $388.56.
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Bonadio covers the Consumer Cyclical sector, focusing on stocks such as Murphy USA, Casey’s General, and ARKO Corp. According to TipRanks, Bonadio has an average return of 13.0% and a 63.41% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Murphy USA with a $511.50 average price target.
Based on Murphy USA’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.53 billion and a net profit of $53.2 million. In comparison, last year the company earned a revenue of $4.84 billion and had a net profit of $66 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MUSA in relation to earlier this year. Last month, David C. Haley, a Director at MUSA bought 1,000.00 shares for a total of $435,580.00.
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