Enterprise Products Partners L.P. (EPD) : Analyst Rating Update

Enterprise Products Partners L.P. (EPD) has an average broker rating of 1.13, 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. 1 other analysts advise a Buy. Nevertheless, the majority of 1 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) : Currently there are 18 street experts covering Enterprise Products Partners L.P. (EPD) stock. The most bullish and bearish price target for the stock is $44 and $29 respectively for the short term. The average price target of all the analysts comes to $32.94. The estimated standard deviation from the target is $3.39.

Enterprise Products Partners L.P. (NYSE:EPD): The stock opened at $28.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.08 for the day. The stock traded down to $28.67 during the day, due to lack of any buying support eventually closed down at $28.87 with a loss of -0.45% for the day. The stock had closed at $29.00 on the previous day. The total traded volume was 5,173,594 shares.

Also, Bernstein initiates coverage on Enterprise Products Partners L.P. (NYSE:EPD). The shares have now been rated Outperform by the stock experts at the ratings house. Bernstein announces the current price target of $33 per share on Enterprise Products Partners L.P.. The rating by the firm was issued on May 11, 2016. The company shares have dropped -3.33% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $33.89 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $28.12 and the 200 Day Moving Average price is recorded at $25.17.

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.

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