Scotiabank lifts Enterprise Products Partners L P [EPD] price estimate. Who else is bullish?

Enterprise Products Partners L P [NYSE: EPD] stock went on a downward path that fall over -3.40% on Monday, amounting to a one-week price decrease of less than -12.71%.

Over the last 12 months, EPD stock rose by 0.10%. The one-year Enterprise Products Partners L P stock forecast points to a potential upside of 20.66. The average equity rating for EPD stock is currently 1.82, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $64.54 billion, with 2.17 billion shares outstanding and 1.45 billion shares in the current float. Compared to the average trading volume of 4.92M shares, EPD stock reached a trading volume of 15404727 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Enterprise Products Partners L P [EPD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EPD shares is $37.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EPD stock is a recommendation set at 1.82. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for Enterprise Products Partners L P shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on January 10, 2025. The new note on the price target was released on January 10, 2025, representing the official price target for Enterprise Products Partners L P stock. Previously, the target price had yet another raise to $35, while Wells Fargo analysts kept a Equal Weight rating on EPD stock.

The Average True Range (ATR) for Enterprise Products Partners L P is set at 0.92, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.16. The Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 0.63. Price to Free Cash Flow for EPD in the course of the last twelve months was 17.69 with Quick ratio for the last quarter at 0.74.

EPD Stock Performance Analysis:

Enterprise Products Partners L P [EPD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.71. With this latest performance, EPD shares dropped by -10.94% in over the last four-week period, additionally plugging by 0.54% over the last 6 months – not to mention a rise of 0.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EPD stock in for the last two-week period is set at 21.63, with the RSI for the last a single of trading hit 13.90, and the three-weeks RSI is set at 27.98 for Enterprise Products Partners L P [EPD]. The present Moving Average for the last 50 days of trading for this stock 33.34, while it was recorded at 32.48 for the last single week of trading, and 30.99 for the last 200 days.

Insight into Enterprise Products Partners L P Fundamentals:

Enterprise Products Partners L P’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 1.00.

EPD Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EPD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enterprise Products Partners L P go to 6.04%.

Enterprise Products Partners L P [EPD] Institutonal Ownership Details

There are presently around $25.77%, or 38.40%% of EPD stock, in the hands of institutional investors. The top three institutional holders of EPD stocks are: ALPS ADVISORS INC with ownership of 38.39 million shares, which is approximately 1.7684%. INVESCO LTD., holding 25.5 million shares of the stock with an approximate value of $$739.08 million in EPD stocks shares; and INVESCO LTD., currently with $$653.73 million in EPD stock with ownership which is approximately 1.0391%.