Enterprise Products Partners L P [EPD] stock prices are down -0.63% to $28.33 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EPD shares have lost -3.18% over the last week, with a monthly amount drifted -1.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On March 02, 2023, Scotiabank initiated with a Sector Outperform rating. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $27 on January 09, 2023. Citigroup initiated its recommendation with a Buy and recommended $31 as its price target on December 09, 2022. Tudor Pickering Holt & Co. downgraded its rating to Hold for this stock on October 18, 2022, but kept the price target unchanged to $29.
The stock price of Enterprise Products Partners L P [EPD] has been fluctuating between $25.19 and $29.99 over the past year. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Enterprise Products Partners L P [NYSE: EPD] shares were valued at $28.33 at the most recent close of the market. An investor can expect a potential return of 5.89% based on the average EPD price forecast.
Analyzing the EPD fundamentals
The Enterprise Products Partners L P [NYSE:EPD] reported sales of 49.40B for trailing twelve months, representing a surge of 6.79%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.27 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 94.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.18 points at the first support level, and at 28.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.55, and for the 2nd resistance point, it is at 28.76.
Ratios To Look Out For
It’s worth pointing out that Enterprise Products Partners L P [NYSE:EPD]’s Current Ratio is 0.93. On the other hand, the Quick Ratio is 0.68, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 2.22 and price to earnings (TTM) ratio is 11.24.
Transactions by insiders
Recent insider trading involved TEAGUE AJ, Co-Chief Executive Officer, that happened on Dec 19 ’23 when 2410.0 shares were purchased. Director, Rutherford John R completed a deal on Nov 09 ’23 to buy 10000.0 shares. Meanwhile, Director Montgomery William C bought 50000.0 shares on Aug 04 ’23.
