Why Enterprise Products Partners L.P. (NYSE:EPD) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $32.81 on Enterprise Products Partners L.P. (NYSE:EPD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.26 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Enterprise Products Partners L.P. (NYSE:EPD) stands at 21.08.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Enterprise Products Partners L., the PEG ratio for coming 3-5 years is 3.54.

Technical Analysis

The technical analysis highlights that Enterprise Products Partners L. current is trading $-1.35 points away or -4.88% from its 50-day moving average of $27.74. Further it is trading $-0.11 or -0.41% away its 200-day moving average of $26.50.

The 52-week high of Enterprise Products Partners L.P. (NYSE:EPD) was $30.11 while lowest point recorded in 52-week was $19.00. It implies if stock price makes a movement of over $-3.72, it will record a new 52-week high. In the case of +38.89% drop, it will touch a new 52-week low.

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