The Price Target For Enterprise Products Partners L.P. (EPD)?

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Enterprise Products Partners L.P. (NYSE:EPD) finished Thursday with an addition of $0.46 to close at $24.22, an upside of 1.94 percent. An average of 4,533,860 shares of common stock have been traded in the last five days. There was a gain of $0.67 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 5,632,535 shares traded, while the 50-day average volume stands at 5,814,872.

EPD stock has decreased by -2.06% in the last month. The company shares reached their 1-month lowest point of $23.14 on 12/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $21.45 and a high of $28.65 in 52 weeks. It has reached a new high 34 times so far this year and achieved 10.29% or $2.26 in price. In spite of this, the price is down -15.46% from the 52-week high.

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Valuation Metrics

Enterprise Products Partners L.P. (EPD) has a trailing price-to-earnings (P/E) ratio of 10.54. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.93, the price-to-book (PB) ratio at 2.00, and the price-to-cash flow ratio at 29.26.

Financial Health

The quick ratio of Enterprise Products Partners L.P. for the three months ended September 29 was 0.60, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.01 and a total debt to equity ratio of 1.11 for the quarter ending September 29. Its gross profit as reported stood at $5.73 billion compared to revenue of $40.81 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Enterprise Products Partners L.P.’s return on assets was 7.30%.

Earnings Surprise

For the three-month period that ended September 29, Enterprise Products Partners L.P. had $28.14 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.03 billion in the quarter, while revenues of $1.15 billion were shrunk -2.35%. The analyst consensus anticipated Enterprise Products Partners L.P.’s latest quarter earnings to come in at $0.62 per share, but it turned out to be $0.62, a 0.00% surprise. For the quarter, EBITDA amounted to $2.25 billion. Shareholders own equity worth $2.18 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Enterprise Products Partners L.P. (EPD) price momentum. RSI 9-day as of the close on 29 December was 55.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.80%.

As of today, EPD’s price is $23.93 +2.85% or $0.67 from its 5-day moving average. EPD is currently trading -2.38% lower than its 20-day SMA and -6.67% lower than its 100-day SMA. However, the stock’s current price level is -5.02% below the SMA50 and +0.17% above the SMA200.

The stochastic %K and %D were 63.55% and 60.75%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 77.70% and the average true range at 0.43, the RSI (14) stands at 50.92%. The stock has reached 0.26 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

Citigroup launched coverage on Enterprise Products Partners L.P. (NYSE: EPD) in its analyst report released on December 09, 2022. The firm assigned the stock a Buy rating. The consensus rating for Enterprise Products Partners L.P. (EPD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EPD, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 15 others rate it as a “buy”.

What is EPD’s price target for the next 12 months?

Analysts predict a range of price targets between $28.10 and $36.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for Enterprise Products Partners L.P. (EPD) stock is $31.69.

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