Enterprise Products Partners L.P. (EPD) has an average broker rating of 1.2, which is interpreted as a Strong Buy, as rated by 20 equity analysts. Nonetheless, 18 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Enterprise Products Partners L.P. (EPD) : 19 investment research analysts covering Enterprise Products Partners L.P. (EPD) have an average price target of $32.53 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $28 for the short term. Analysts expect the variance to be within $2.09 of the average price.
Also, Morgan Stanley downgrades its rating on Enterprise Products Partners L.P. (NYSE:EPD). The global brokerage major lowers the current price target from $33 per share to $30 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 18, 2016.
Enterprise Products Partners L.P. (NYSE:EPD): The stock opened in the green at $26.14 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $26.2347 and a low of $25.86 for the day. The stock did not find buyers even at the lows and closed at $25.96 recording a loss of -0.31%. 5,157,330 shares exchanged hands during the trading day. The stock had closed at $26.04 in the previous days trading.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19,300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5,400 miles of onshore crude oil pipelines, crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions, including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations, including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.