Buzzing Stock: Enbridge Energy Management LLC (NYSE:EEQ)


As per the research groups listed in Thomson Reuters survey, Enbridge Energy Management LLC (NYSE:EEQ), the stock can touch mean price target of $22.2300 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.1500 per share in looming quarter and $0.6400 during current fiscal.

Technical Forecast

While evaluating Enbridge Energy Management LLC on the technical side, it is seen that the firm’s shares price is trading $0.0063 points away or +0.0270% from its 50-day moving average of $23.2958. Further it is trading $2.7957 or +13.6333% away its 200-day moving average of $20.5064. MA here stands for moving average.

Enbridge Energy Management LLC (NYSE:EEQ) stock made a high of $27.8625 in last 12-months while the lowest level in same period was $13.7961. It entails if stock price makes a movement of over $-4.5604, it will make a new 52-week high. In the case of +68.9035% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Enbridge Energy Management LLC is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Enbridge Energy Management LLC (NYSE:EEQ) P/E ratio is N/A. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Enbridge Energy Management LLC it stands at -0.6300.

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