Analyst Revises Crestwood Equity Partners LP (NYSE:CEQP) Stock Target


Crestwood Equity Partners LP (NYSE:CEQP) mean price target has been set at $20.40 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.00 in the near-term quarter and $-2.30 for the ongoing fiscal. The market cap of Crestwood Equity Partners LP was recorded at $1.45B after the stock closed at $20.91 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Crestwood Equity Partners LP (NYSE:CEQP) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Crestwood Equity Partners LP (NYSE:CEQP) PEG ratio sits at -0.83. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of Crestwood Equity Partners LP visibly illustrates that the 50-day MA of Crestwood Equity Partners LP is $21.18, and stock is trading $-0.13 points away or -0.62% from its 50-day moving average of $21.18. Further it is trading $3.91 or +22.78% away its 200-day moving average of $17.14. Crestwood Equity Partners LP (NYSE:CEQP) 52-week high is $30.80 and the 52-week low is $7.90. This represents that if the stock moves $-9.75 points up on the chart to it will make a 52-week high. But, if it declines +166.46%, then the shares price can hit a new 52-week low.

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