Bonadio's update came after Wells Fargo's 2023 Consumer Conference, which took place from September 19 to 21, and their meetings with Murphy USA management. Following these events, the analyst expressed optimism about the fuel margin outlook, the company's positioning in the current market, an anticipated acceleration in unit growth, and the absence of terminal value concerns.
It is worth noting that Bonadio's rating aligns with the consensus among top-rated analysts. Currently, 100% of these analysts rate MUSA as a Strong Buy or Buy, with no Hold ratings and no recommendations to sell the stock. This indicates a high level of confidence in Murphy USA's future prospects.
Analysts are also forecasting that Murphy USA will deliver earnings per share (EPS) of $22.76 in the upcoming year. If these predictions hold true, the company's next yearly EPS will see a decrease of 12.2% compared to the previous year.
In terms of stock performance, MUSA has demonstrated strength. Since the last quarterly report on June 30, 2023, the stock price has increased by 9.9%. Looking at a year-over-year comparison, MUSA is up by 24.4%, outpacing the broader S&P 500 index, which has seen a 15.4% increase during the same period.
Anthony Bonadio, the Wells Fargo analyst who issued the updated rating, has an impressive track record. According to WallStreetZen's rankings, Bonadio is placed in the top 26% out of 4,337 Wall Street analysts. They have achieved an average return of 18.8% and an impressive win rate of 87.5%. Bonadio specializes in the Consumer Cyclical sector, making their assessment particularly valuable in this context.
Murphy USA Incorporated is primarily engaged in marketing refined products through a network of gas stations. Additionally, the company serves unbranded wholesale customers. Operating under the brand name Murphy USA, the company's retail stores participate in the Walmart discount program. As of December 31, 2021, Murphy USA operates 1,679 retail gas stations primarily in the Southeast, Southwest, and Midwest regions of the United States. The company was founded in 1996 and has its headquarters in El Dorado, Arkansas.
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WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.