UBS Maintains a 'Buy' on Enterprise Products Partners (EPD); Raising FY12/13 After Solid Quarter
Tweet
Share
E-mailGet Alerts EPD Hot Sheet
Price: $38.90 +2.31%
Rating Summary:
26 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
26 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Enterprise Products Partners (NYSE: EPD) price target of $57.00.
Analyst, Ronald J. Barone, said, "EPD again handily beat UBSe and consensus estimates in 1Q12. We continue to recommend the name as one of our top picks given strong recent operating performance, continued solid fundamentals, excellent project pipeline, and increasing fee-based margins. Excellent 1Q distribution coverage of 1.4x (ex non-recurring items) also continues a trend and, in conjunction with recent management comments, suggests potential upside to our increased 2013 distribution growth forecast of +5.7%."
"We have increased our 2012/2013 EPU estimates from $2.30/$2.43 to $2.50/$2.60, respectively, given recent strength and projected solid fundamentals.
For an analyst ratings summary and ratings history on Enterprise Products Partners click here. For more ratings news on Enterprise Products Partners click here.
Shares of Enterprise Products Partners closed at $52.67 yesterday.
Analyst, Ronald J. Barone, said, "EPD again handily beat UBSe and consensus estimates in 1Q12. We continue to recommend the name as one of our top picks given strong recent operating performance, continued solid fundamentals, excellent project pipeline, and increasing fee-based margins. Excellent 1Q distribution coverage of 1.4x (ex non-recurring items) also continues a trend and, in conjunction with recent management comments, suggests potential upside to our increased 2013 distribution growth forecast of +5.7%."
"We have increased our 2012/2013 EPU estimates from $2.30/$2.43 to $2.50/$2.60, respectively, given recent strength and projected solid fundamentals.
For an analyst ratings summary and ratings history on Enterprise Products Partners click here. For more ratings news on Enterprise Products Partners click here.
Shares of Enterprise Products Partners closed at $52.67 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Tata Motors Passenger Vehicles (TMPV:IN) PT Raised to INR375 at ICICI Securities
- Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
