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Raymond James Believes Enterprise Products Partners LP (EPD) Still Has Room to Grow


Raymond James analyst Darren Horowitz maintained a Buy rating on Enterprise Products Partners LP (NYSE: EPD) today and set a price target of $35. The company’s shares closed yesterday at $29.21, close to its 52-week high of $30.05.

According to TipRanks.com, Horowitz is a 4-star analyst with an average return of 5.7% and a 62.0% success rate. Horowitz covers the Basic Materials sector, focusing on stocks such as Antero Midstream Partners, Valero Energy Partners, and Targa Resources Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enterprise Products Partners LP with a $34.17 average 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 3.59M.

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.