El Paso Pipeline Partners, L.P. Receives Average Recommendation of “Hold” from Brokerages (NYSE:EPB)
El Paso Pipeline Partners, L.P. (NYSE:EPB) has been given a consensus rating of “Hold” by the eleven analysts that are presently covering the stock, Stock Ratings Network.com reports. Nine investment analysts have rated the stock with a hold recommendation, The average 12-month target price among brokers that have issued a report on the stock in the last year is $37.86.
El Paso Pipeline Partners, L.P. (NYSE:EPB) opened at 41.56 on Thursday. El Paso Pipeline Partners, L.P. has a 1-year low of $28.87 and a 1-year high of $43.04. The stock’s 50-day moving average is $37.68 and its 200-day moving average is $33.82. The company has a market cap of $9.604 billion and a P/E ratio of 23.65.
El Paso Pipeline Partners, L.P. (NYSE:EPB) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that El Paso Pipeline Partners, L.P. will post $1.70 earnings per share for the current fiscal year.
A number of research firms have recently commented on EPB. Analysts at RBC Capital raised their price target on shares of El Paso Pipeline Partners, L.P. from $35.00 to $47.00 in a research note on Tuesday, August 19th. Separately, 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. Finally, 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.
El Paso Pipeline Partners, L.P. owns and operates interstate natural gas transportation and terminaling facilities.
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