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


The leading market experts have placed a mean price target of $32.58 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 $0.34 a share for the upcoming quarter and $1.37 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 $28.00, and stock is hovering 1.02 or +3.63% distant from $28.00. It is noted that the 200-day MA is $25.08, and Enterprise Products Partners L. stock is $3.94 or +15.72% off from this point. Enterprise Products Partners L.P. (NYSE:EPD) 52-week high is $31.17 and the 52-week low is $19.00. This explains if the stock moves $-2.15, it will post a 52-week high. In event of $+52.74% points 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 23.00. The stock last ended the trading session at $29.02 and registered a market cap of $59.64B. 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 4.73.

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