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


The leading market experts have placed a mean price target of $23.40 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 $0.17 a share for the upcoming quarter and $0.60 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 $23.03, and stock is hovering 0.33 or +1.43% distant from $23.03. It is noted that the 200-day MA is $19.91, and Enbridge Energy, L.P. Class A C stock is $3.45 or +17.32% off from this point. Enbridge Energy, L.P. (NYSE:EEP) 52-week high is $31.35 and the 52-week low is $14.27. This explains if the stock moves $-7.99, it will post a 52-week high. In event of $+63.70% 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 292.00. The stock last ended the trading session at $23.36 and registered a market cap of $8.08B. 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 2.74.

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