Enterprise Products Partners L.P. Given Average Rating of “Buy” by Analysts (NYSE:EPD)
Enterprise Products Partners L.P. (NYSE:EPD) has been given a consensus rating of “Buy” by the thirteen analysts that are currently covering the stock, AnalystRatings.Net reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $78.33.
A number of research firms have recently commented on EPD. Analysts at Global Hunter Securities initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday. They set a “buy” rating and a $83.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Enterprise Products Partners L.P. from $75.00 to $76.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Enterprise Products Partners L.P. in a research note on Friday, May 16th. They now have a $77.00 price target on the stock.
Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.24% during mid-day trading on Friday, hitting $75.6025. The stock had a trading volume of 157,314 shares. Enterprise Products Partners L.P. has a 1-year low of $56.11 and a 1-year high of $76.50. The stock has a 50-day moving average of $73.66 and a 200-day moving average of $67.77. The company has a market cap of $70.667 billion and a P/E ratio of 26.52.
Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results 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 $3.13 EPS for the current fiscal year.
Enterprise Products Partners L.P. (NYSE:EPD) owns and operates natural gas liquids (NGLs) related businesses of Enterprise Products Company (EPCO).
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