Credit Suisse Raises Energy Transfer Equity Price Target to $67.00 (ETE)
Equities research analysts at Credit Suisse lifted their price target on shares of Energy Transfer Equity (NYSE:ETE) from $64.00 to $67.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target would suggest a potential upside of 10.47% from the company’s current price.
ETE has been the subject of a number of other recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Energy Transfer Equity in a research note on Monday, August 11th. They now have a $61.00 price target on the stock, up previously from $54.00. Separately, analysts at RBC Capital raised their price target on shares of Energy Transfer Equity from $61.00 to $63.00 in a research note on Monday, August 11th. Finally, analysts at Deutsche Bank raised their price target on shares of Energy Transfer Equity from $53.00 to $67.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a buy rating, Energy Transfer Equity presently has an average rating of “Buy” and an average target price of $63.17.
Shares of Energy Transfer Equity (NYSE:ETE) traded down 0.25% during mid-day trading on Tuesday, hitting $60.50. The stock had a trading volume of 264,251 shares. Energy Transfer Equity has a 1-year low of $30.75 and a 1-year high of $61.72. The stock’s 50-day moving average is $57.44 and its 200-day moving average is $51.31. The company has a market cap of $32.888 billion and a price-to-earnings ratio of 108.69.
Energy Transfer Equity (NYSE:ETE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.04. The company had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $13.13 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that Energy Transfer Equity will post $1.18 EPS for the current fiscal year.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership company.
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