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Enterprise Products Partners LP (EPD) Received its Third Buy in a Row


After Raymond James and Guggenheim gave Enterprise Products Partners LP (NYSE: EPD) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Christine Cho maintained a Buy rating on Enterprise Products Partners LP today and set a price target of $33. The company’s shares closed yesterday at $28.48.

According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.3% and a 47.2% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, EnLink Midstream Partners, and Antero Midstream Partners.

Enterprise Products Partners LP has an analyst consensus of Strong Buy, with a price target consensus of $33.33, implying a 17.0% upside from current levels. In a report issued on October 4, Raymond James also maintained a Buy rating on the stock with a $35 price target.

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The company has a one-year high of $30.05 and a one-year low of $23.10. Currently, Enterprise Products Partners LP has an average volume of 3.71M.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EPD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Enterprise Products Partners LP is a holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services; and Petrochemical & Refined Products Services.