Stock To Watch: Enbridge Energy, L.P. (NYSE:EEP)


The leading market experts have placed a mean price target of $22.27 on Enbridge Energy, L.P. (NYSE:EEP) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.15 a share for the upcoming quarter and $0.71 for the current fiscal. Technical View The technical analysis of Enbridge Energy, L.P. Class A C plainly substantiates that the 50-day moving average of Enbridge Energy, L.P. Class A C is $21.74, and stock is hovering 0.25 or +1.15% distant from $21.74. It is noted that the 200-day MA is $19.69, and Enbridge Energy, L.P. Class A C stock is $2.30 or +11.70% off from this point. Enbridge Energy, L.P. (NYSE:EEP) 52-week high is $37.09 and the 52-week low is $14.27. This explains if the stock moves $-15.10, it will post a 52-week high. In event of $+54.10% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Enbridge Energy, L.P. Class A C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Enbridge Energy, L.P. (NYSE:EEP) ratio came in at N/A. The stock last ended the trading session at $21.99 and registered a market cap of $7.61B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Enbridge Energy, L.P. (NYSE:EEP) PEG ratio is at 2.18.

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