EnLink Midstream Stock Rating Upgraded by Zacks (ENLC)
EnLink Midstream (NASDAQ:ENLC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a $43.30 target price on the stock. Zacks‘s price target would suggest a potential upside of 6.86% from the company’s current price.
ENLC has been the subject of a number of other recent research reports. 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. 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.
Shares of EnLink Midstream (NASDAQ:ENLC) traded up 1.68% on Monday, hitting $40.52. The stock had a trading volume of 214,872 shares. EnLink Midstream has a 52-week low of $18.32 and a 52-week high of $42.88. The stock has a 50-day moving average of $36.19 and a 200-day moving average of $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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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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