Share on StockTwits

Credit Suisse upped their price objective on shares of Enterprise Products Partners L.P. (NYSE:EPD) from $78.00 to $80.00 in a research note issued on Friday, Stock Ratings News reports. Credit Suisse’s price objective would indicate a potential upside of 8.95% from the stock’s previous close.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 73.43 on Friday. Enterprise Products Partners L.P. has a one year low of $56.11 and a one year high of $74.14. The stock’s 50-day moving average is $70.97 and its 200-day moving average is $65.83. The company has a market cap of $68.442 billion and a price-to-earnings ratio of 25.90.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings data on Thursday, May 1st. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.10. The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter last year, the company posted $0.77 earnings per share. Enterprise Products Partners L.P.’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Enterprise Products Partners L.P. will post $3.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.70.

A number of other firms have also recently commented on EPD. Analysts at RBC Capital raised their price target on shares of Enterprise Products Partners L.P. from $71.00 to $80.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group downgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. They now have a $75.00 price target on the stock, up previously from $74.00. They noted that the move was a valuation call. Finally, analysts at Citigroup Inc. raised their price target on shares of Enterprise Products Partners L.P. from $74.00 to $77.00 in a research note on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Enterprise Products Partners L.P. presently has an average rating of “Buy” and a consensus target price of $76.50.

Enterprise Products Partners L.P. (NYSE:EPD) owns and operates natural gas liquids (NGLs) related businesses of Enterprise Products Company (EPCO).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.