EnLink Midstream Given Outperform Rating at Credit Suisse (ENLC)
EnLink Midstream (NASDAQ:ENLC)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Friday. They currently have a $50.00 price target on the stock, up from their previous price target of $47.00. Credit Suisse’s target price would indicate a potential upside of 23.40% from the company’s current price.
ENLC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of EnLink Midstream from a “neutral” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $43.30 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of EnLink Midstream in a research note on Thursday, March 13th. They set a “neutral” rating and a $38.00 price target on the stock. Finally, analysts at Robert W. Baird upgraded shares of EnLink Midstream from a “neutral” rating to an “outperform” rating in a research note on Monday, March 10th.
EnLink Midstream (NASDAQ:ENLC) traded up 1.68% during mid-day trading on Friday, hitting $40.52. 214,872 shares of the company’s stock traded hands. EnLink Midstream has a 52 week low of $18.32 and a 52 week high of $42.88. The stock’s 50-day moving average is $36.19 and its 200-day moving average is $35.53. The company has a market cap of $6.646 billion and a price-to-earnings ratio of 53.56.
EnLink Midstream (NASDAQ:ENLC) last released its earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.12. Analysts expect that EnLink Midstream will post $0.13 EPS for the current fiscal year.
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