UBS AG Reaffirms Buy Rating on Enterprise Products Partners (EPD)

By admin | 6 years ago

Enterprise Products Partners (NYSE: EPD)‘s stock had its “buy” rating restated by equities researchers at UBS AG (NYSE: UBS) in a report issued on Thursday. They currently have a $57.00 target price on the stock, up from their previous target price of $55.00.

Enterprise Products Partners traded down 0.78% on Thursday, hitting $51.85. Enterprise Products Partners has a 1-year low of $36.36 and a 1-year high of $52.95. The company has a market cap of $45.712 billion and a price-to-earnings ratio of 19.94.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.73 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.57 EPS by $0.16. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Enterprise Products Partners will post $0.61 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities initiated coverage on shares of Enterprise Products Partners in a research note to investors on Tuesday, April 17th. They set an “accumulate” rating and a $53.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Enterprise Products Partners in a research note to investors on Monday, February 20th. They now have a $63.00 price target on the stock. Finally, analysts at Argus upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note to investors on Thursday, February 16th. They now have a $61.00 price target on the stock.

Enterprise Products Partners L.P. (Enterprise) is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and certain petrochemicals.

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