Stock Rating Downgrade
The Value Trend Rating for Enterprise Products Partners LP (NYSE: EPD) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Enterprise Products Partners LP (NYSE: EPD) stock declined slightly by -0.4% on 3/8/24. The stock closed at $28.00. However, unusually low trading volume at 65% of normal accompanied the decline. The stock has risen 2.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
EPD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Enterprise Products Partners has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Enterprise Products Partners has a slightly positive Appreciation Score of 63 and a neutral Power Rating of 50, leading to the Neutral Value Trend Rating.
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