Stock To Watch: Enterprise Products Partners L.P. (NYSE:EPD)


The leading market experts have placed a mean price target of $33.00 on Enterprise Products Partners L.P. (NYSE:EPD) 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 $0.33 a share for the upcoming quarter and $1.28 for the current fiscal.

Technical View

The technical analysis of Enterprise Products Partners L. plainly substantiates that the 50-day moving average of Enterprise Products Partners L. is $28.50, and stock is trading $-1.29 points away or -4.53% from its 50-day moving average of $28.50. Further it is trading $1.15 or +4.42% away its 200-day moving average of $26.06. Enterprise Products Partners L.P. (NYSE:EPD) 52-week high is $30.11 and the 52-week low is $19.00.

This explains if the stock moves $-2.90, it will post a 52-week high. In event of +43.21% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Enterprise Products Partners L., 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, Enterprise Products Partners L.P. (NYSE:EPD) ratio came in at 21.73.

The stock last ended the trading session at $27.21 and registered a market cap of $56.91B. 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. Enterprise Products Partners L.P. (NYSE:EPD) PEG ratio is at 3.60.

1 Chart Pattern Every Investor Should Know

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