El Paso Pipeline Partners, L.P. PT Raised to $47.00 (EPB)
Stock analysts at RBC Capital increased their price target on shares of El Paso Pipeline Partners, L.P. (NYSE:EPB) from $35.00 to $47.00 in a report issued on Tuesday. RBC Capital’s price target suggests a potential upside of 10.85% from the company’s current price.
Shares of El Paso Pipeline Partners, L.P. (NYSE:EPB) opened at 42.40 on Tuesday. El Paso Pipeline Partners, L.P. has a 1-year low of $28.87 and a 1-year high of $43.15. The stock has a 50-day moving average of $36. and a 200-day moving average of $33.21. The company has a market cap of $9.799 billion and a price-to-earnings ratio of 24.72.
El Paso Pipeline Partners, L.P. (NYSE:EPB) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.05. The company had revenue of $353.00 million for the quarter, compared to the consensus estimate of $376.64 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts predict that El Paso Pipeline Partners, L.P. will post $1.68 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EPB. Analysts at Morgan Stanley upgraded shares of El Paso Pipeline Partners, L.P. from an “underweight” rating to an “equal weight” rating in a research note on Thursday, August 14th. Separately, analysts at Goldman Sachs upgraded shares of El Paso Pipeline Partners, L.P. from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $42.00 price target on the stock, up previously from $33.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of El Paso Pipeline Partners, L.P. in a research note on Thursday, August 7th. They now have a $34.00 price target on the stock, up previously from $32.00. Nine research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $37.86.
El Paso Pipeline Partners, L.P. owns and operates interstate natural gas transportation and terminaling facilities.
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