Credit Suisse Group AG upgraded shares of Enterprise Products Partners L.P. (NYSE:EPD) from a neutral rating to an outperform rating in a report published on Monday morning. The brokerage currently has $34.00 price objective on the stock.

“We believe EPD offers a solid risk/reward proposition given the MLP’s conservative distribution policy (~1.30x coverage in 2016–2019), high quality & interconnected asset footprint, and best in class management team,” analyst John Edwards wrote in a note. Related Link: Evercore ISI Group Initiates Coverage On Enterprise Products At BuyMeanwhile, the market is still pricing the possibility of Enterprise buying Williams Companies Inc (NYSE: WMB) at an aggressive price, despite both sides confirming that the M&A talks have ended.”We believe if talks resume EPD is unlikely to consider terms which would be value destructive or dilutive,” Edwards continued. “EPD has lot of legroom before a prospective deal becomes dilutive, suggesting that investor concerns on this topic are overblown,,” the firm’s analyst wrote.

EPD has been the topic of several other research reports. Vetr upgraded Enterprise Products Partners L.P. from a buy rating to a strong-buy rating and set a $29.70 price target on the stock in a report on Tuesday, September 13th. Wunderlich reduced their price target on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a buy rating on the stock in a report on Wednesday, August 31st. Evercore ISI started coverage on Enterprise Products Partners L.P. in a research report on Thursday, September 15th. They set a buy rating and a $30.00 price objective for the company. Howard Weil started coverage on Enterprise Products Partners L.P. in a research report on Wednesday, June 1st. They set a sector outperform rating and a $31.00 price objective for the company. Finally, Morgan Stanley downgraded Enterprise Products Partners L.P. from an overweight rating to an equal weight rating and cut their price objective for the stock from $33.00 to $30.00 in a research report on Thursday, August 18th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $31.85.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.74 on Monday. The firm’s 50 day moving average is $26.83 and its 200 day moving average is $26.84. Enterprise Products Partners L.P. has a 52-week low of $19.00 and a 52-week high of $30.11. The stock has a market capitalization of $55.93 billion, a price-to-earnings ratio of 21.36 and a beta of 0.92.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by $0.04. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. The company had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s revenue was down 20.8% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Johnson Financial Group Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 94.3% in the second quarter. Johnson Financial Group Inc. now owns 3,621 shares of the company’s stock worth $106,000 after buying an additional 1,757 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Enterprise Products Partners L.P. during the second quarter worth $116,000. Hanson McClain Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 52.9% in the second quarter. Hanson McClain Inc. now owns 3,970 shares of the company’s stock worth $116,000 after buying an additional 1,374 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of Enterprise Products Partners L.P. during the second quarter worth $117,000. Finally, Kelman Lazarov Inc. boosted its stake in shares of Enterprise Products Partners L.P. by 34.1% in the second quarter. Kelman Lazarov Inc. now owns 4,134 shares of the company’s stock worth $120,000 after buying an additional 1,052 shares in the last quarter. Hedge funds and other institutional investors own 35.68% of the company’s stock.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

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