Enterprise Products Partners (EPD) Stock Forecast & Price Target

$29.12

-0.07 (-0.24%)

(As of 09/30/2024 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

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
2

Buy
11

Based on 13 Wall Street analysts who have issued ratings for Enterprise Products Partners in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 2 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for EPD.

Consensus Price Target

$33.08
13.63% Upside

According to the 13 analysts' twelve-month price targets for Enterprise Products Partners, the average price target is $33.08. The highest price target for EPD is $37.00, while the lowest price target for EPD is $28.00. The average price target represents a forecasted upside of 13.63% from the current price of $29.12.

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EPD Analyst Ratings Over Time

Type	Current Forecast 10/1/23 to 9/30/24	1 Month Ago 9/1/23 to 8/31/24	3 Months Ago 7/3/23 to 7/2/24	1 Year Ago 10/1/22 to 10/1/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	6 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$33.08	$33.08	$32.77	$30.70
Forecasted Upside	13.63% Upside	12.76% Upside	12.82% Upside	12.17% Upside
Consensus Rating	Moderate Buy	Moderate 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	2.92	2.60	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	14.00% Upside	210.93% Upside	6.14% 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	Action	Rating	Price Target	Upside/Downside on Report Date
7/31/2024	Truist Financial 2 of 5 stars	Boost Target	Buy ➝ Buy	$35.00 ➝ $37.00	+27.59%
6/10/2024	Morgan Stanley 3 of 5 stars	Lower Target	Equal Weight ➝ Equal Weight	$35.00 ➝ $34.00	+19.59%
5/16/2024	JPMorgan Chase & Co. 3 of 5 stars	Lower Target	Overweight ➝ Overweight	$33.00 ➝ $32.00	+10.88%
4/5/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$35.00	+17.59%
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%
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	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%
10/18/2022	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$29.00	+13.90%
10/18/2022	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$29.00	+13.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 09:32 PM 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 Monday, September 30, 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 $63.62 billion, indicating a strong position in the market.
The company's P/E ratio of 11.48 suggests that the stock may be undervalued compared to its peers, potentially offering a good entry point for investors.
With a dividend yield of 7.17%, investors can benefit from a steady income stream from dividends.
Analysts have given Enterprise Products Partners L.P. an average rating of "Moderate Buy" with a target price of $33.08, indicating positive sentiment from the market.
The stock's recent trading volume of 3,570,146 shares shows active investor interest, potentially leading to price movements.

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 indicate higher financial leverage, which can pose risks during economic downturns or interest rate hikes.
Enterprise Products Partners L.P. has a quick ratio of 0.68 and a current ratio of 0.91, which may suggest potential liquidity challenges in meeting short-term obligations.
While the stock has a P/E ratio of 11.48, the P/E/G ratio of 1.49 indicates that the stock may be overvalued relative to its earnings growth potential.
The stock's beta of 1.03 implies that it moves in line with the overall market, potentially limiting opportunities for diversification benefits.
Enterprise Products Partners L.P. had a return on equity of 20.13%, which, while positive, may be lower than some investors' expectations for profitability.

EPD Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Enterprise Products Partners is $33.08, with a high forecast of $37.00 and a low forecast of $28.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enterprise Products Partners in the last year. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EPD shares.
: According to analysts, Enterprise Products Partners's stock has a predicted upside of 13.63% based on their 12-month stock forecasts.
: Enterprise Products Partners has been rated by research analysts at Truist Financial in the past 90 days.
: Analysts like Enterprise Products Partners more than other "oils/energy" companies. The consensus rating score for Enterprise Products Partners is 2.92 while the average consensus rating score for "oils/energy" companies is 2.60. Learn more on how EPD compares to other companies.