Enterprise Products Partners L.P. (NYSE:EPD) was upgraded by stock analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a report issued on Monday. The brokerage presently has a $34.00 price target on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 27.58% from the stock’s previous close.

The analysts wrote, “We believe EPD offers a solid risk/reward proposition given the MLP’s conservative distribution policy (~1.30x coverage in 2016–2019), high quality & interconnected asset footprint, and best in class management team,” analyst John Edwards wrote in a note. Related Link: Evercore ISI Group Initiates Coverage On Enterprise Products At BuyMeanwhile, the market is still pricing the possibility of Enterprise buying Williams Companies Inc (NYSE: WMB) at an aggressive price, despite both sides confirming that the M&A talks have ended.”We believe if talks resume EPD is unlikely to consider terms which would be value destructive or dilutive,” Edwards continued. “EPD has lot of legroom before a prospective deal becomes dilutive, suggesting that investor concerns on this topic are overblown,”

Several other equities analysts also recently weighed in on the company. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.32 target price on the stock in a research report on Wednesday, August 10th. Morgan Stanley downgraded Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $33.00 to $30.00 in a research report on Thursday, August 18th. Evercore ISI initiated coverage on Enterprise Products Partners L.P. in a research report on Thursday, September 15th. They set a “buy” rating and a $30.00 target price on the stock. Wunderlich cut their target price on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, August 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.85.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.65 on Monday. The firm’s 50-day moving average price is $26.82 and its 200 day moving average price is $26.86. Enterprise Products Partners L.P. has a 12 month low of $19.00 and a 12 month high of $30.11. The stock has a market cap of $55.74 billion, a price-to-earnings ratio of 21.29 and a beta of 0.92.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, July 28th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.62 billion. Enterprise Products Partners L.P. had a net margin of 11.06% and a return on equity of 12.45%. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in EPD. Johnson Financial Group Inc. boosted its stake in Enterprise Products Partners L.P. by 94.3% in the second quarter. Johnson Financial Group Inc. now owns 3,621 shares of the company’s stock worth $106,000 after buying an additional 1,757 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Enterprise Products Partners L.P. during the second quarter worth approximately $116,000. Hanson McClain Inc. boosted its stake in Enterprise Products Partners L.P. by 52.9% in the second quarter. Hanson McClain Inc. now owns 3,970 shares of the company’s stock worth $116,000 after buying an additional 1,374 shares during the period. Baker Ellis Asset Management LLC acquired a new stake in Enterprise Products Partners L.P. during the second quarter worth approximately $117,000. Finally, Kelman Lazarov Inc. boosted its stake in Enterprise Products Partners L.P. by 34.1% in the second quarter. Kelman Lazarov Inc. now owns 4,134 shares of the company’s stock worth $120,000 after buying an additional 1,052 shares during the period. Institutional investors own 35.67% of the company’s stock.

Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

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