El Paso Pipeline Partners, L.P. Stock Rating Reaffirmed by Jefferies Group (EPB)
El Paso Pipeline Partners, L.P. (NYSE:EPB)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Tuesday. They currently have a $32.00 price target on the stock, up from their previous price target of $31.00. Jefferies Group’s price objective points to a potential downside of 6.60% from the stock’s previous close.
A number of other firms have also recently commented on EPB. Analysts at Bank of America upgraded shares of El Paso Pipeline Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $36.00 price target on the stock, up previously from $33.00. They noted that the move was a valuation call. Separately, analysts at Zacks upgraded shares of El Paso Pipeline Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note on Monday, April 21st. They now have a $34.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of El Paso Pipeline Partners, L.P. from $36.00 to $34.00 in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.00.
Shares of El Paso Pipeline Partners, L.P. (NYSE:EPB) traded down 0.03% on Tuesday, hitting $34.25. 271,201 shares of the company’s stock traded hands. El Paso Pipeline Partners, L.P. has a 52 week low of $28.87 and a 52 week high of $44.99. The stock has a 50-day moving average of $33.07 and a 200-day moving average of $33.32. The company has a market cap of $7.506 billion and a price-to-earnings ratio of 18.81.
El Paso Pipeline Partners, L.P. (NYSE:EPB) last announced its earnings results on Wednesday, April 16th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.04. The company had revenue of $382.00 million for the quarter, compared to the consensus estimate of $397.01 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that El Paso Pipeline Partners, L.P. will post $1.71 earnings per share for the current fiscal year.
El Paso Pipeline Partners, L.P. owns and operates interstate natural gas transportation and terminaling facilities.
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