Enterprise Products Partners (EPD) Stock Forecast & Price Target

$31.78 +0.16 (+0.51%)

(As of 11/20/2024 ET)

Enterprise Products Partners - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 11 Analyst Ratings

Sell
0

Hold
1

Buy
10

Based on 11 Wall Street analysts who have issued ratings for Enterprise Products Partners in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 1 has given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for EPD.

Consensus Price Target

$34.00
6.97% Upside

According to the 11 analysts' twelve-month price targets for Enterprise Products Partners, the average price target is $34.00. The highest price target for EPD is $37.00, while the lowest price target for EPD is $31.00. The average price target represents a forecasted upside of 6.97% from the current price of $31.79.

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EPD Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$34.00	$33.73	$33.08	$31.08
Forecasted Upside	6.97% Upside	16.52% Upside	12.95% Upside	16.40% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy

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EPD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EPD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Enterprise Products Partners Stock vs. The Competition

Type	Enterprise Products Partners	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.00	2.62	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	6.97% Upside	1,430.08% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent EPD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$36.00 ➝ $36.00	+22.82%
10/28/2024	US Capital Advisors 5 of 5 stars	J. Carreker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy ➝ Strong-Buy
10/17/2024	Bank of America 4 of 5 stars		Initiated Coverage	Buy	$35.00	+19.95%
7/31/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$35.00 ➝ $37.00	+27.59%
6/10/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$35.00 ➝ $34.00	+19.59%
5/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$33.00 ➝ $32.00	+10.88%
Get the Latest News and Ratings for EPD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Enterprise Products Partners and its competitors with MarketBeat's FREE daily newsletter.
4/4/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$32.00 ➝ $33.00	+10.89%
4/4/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$34.00	+13.75%
4/4/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$31.00 ➝ $32.00	+7.06%
3/26/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$30.00 ➝ $31.00	+7.08%
2/2/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$35.00 ➝ $36.00	+34.88%
11/1/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$32.00 ➝ $31.00	+19.05%
10/5/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral ➝ Neutral	$28.00	+3.97%
10/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$35.00 ➝ $34.00	+26.54%
10/3/2023	Pickering Energy Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
8/2/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$32.00 ➝ $31.00	+16.54%
1/9/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$27.00	+8.00%
12/8/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$31.00	+29.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:50 AM ET.

Should I Buy Enterprise Products Partners Stock? EPD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 31, 2024. Please send any questions or comments about these Enterprise Products Partners pros and cons to contact@marketbeat.com.

Enterprise Products Partners
Bull Case

Here are some ways that investors could benefit from investing in Enterprise Products Partners L.P.:

Enterprise Products Partners L.P. has a market capitalization of $63.67 billion, indicating a strong presence in the market.
The company's P/E ratio of 11.50 suggests that the stock may be undervalued compared to industry peers, potentially offering a good entry point for investors.
With a consensus rating of "Moderate Buy" and an average price target of $33.08, analysts are optimistic about the stock's future performance.
Recent stake increases by institutional investors like Daymark Wealth Partners LLC indicate growing confidence in the company's prospects.
Despite fluctuations, the stock has shown resilience with a 1-year high of $30.05, demonstrating stability and potential for growth.

Enterprise Products Partners
Bear Case

Investors should be bearish about investing in Enterprise Products Partners L.P. for these reasons:

The company's debt-to-equity ratio of 0.98 may raise concerns about its financial leverage and ability to manage debt effectively.
While the stock has a beta of 1.03, indicating moderate volatility, investors seeking low-risk options may find this level of volatility unsettling.
Despite positive analyst ratings, the stock's price performance has been relatively flat, suggesting limited short-term growth potential.
The current ratio of 0.91 and quick ratio of 0.68 may indicate potential liquidity challenges for the company in the short term.
Investors should carefully consider the industry trends and regulatory environment affecting oil and gas producers like Enterprise Products Partners L.P. before making investment decisions.

EPD Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Enterprise Products Partners is $34.00, with a high forecast of $37.00 and a low forecast of $31.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enterprise Products Partners in the last year. There is currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" EPD shares.
: According to analysts, Enterprise Products Partners's stock has a predicted upside of 6.97% based on their 12-month stock forecasts.
: Over the previous 90 days, Enterprise Products Partners's stock had 1 upgrade by analysts.
: Enterprise Products Partners has been rated by research analysts at Bank of America, Royal Bank of Canada, and US Capital Advisors in the past 90 days.
: Analysts like Enterprise Products Partners more than other "oils/energy" companies. The consensus rating for Enterprise Products Partners is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how EPD compares to other companies.

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This page (NYSE:EPD) was last updated on 11/21/2024 by MarketBeat.com Staff

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Enterprise Products Partners (EPD) Stock Forecast & Price Target