Analyst Ratings for Enbridge Energy Management L.L.C. (EEQ)

Updated: 2017-07-29

Enbridge Energy Management L.L.C. (NYSE:EEQ) was awarded an average rating of Hold from investment analysts following the stock. EEQ had previously received a consensus rating of Hold a month ago.

6 analysts issued ratings on the stock, where 1 gave EEQ a buy rating, 0 issued an overweight rating, 4 gave a hold rating, 1 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for EEQ. The maximum price target given was 21, implying a possible profit of 37.8 percent. The most pessimistic analyst gave a price target of 17, implying a possible loss of 11.55 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 77.98 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 104.55 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

EEQ has traded between a high of 25.36 and a low of 14.45 over the past year. Currently the stock is 5.47 percent higher than its low, and 39.91 percent lower than its 52-week high. EEQ has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The EEQ value stock report compares EEQ to some of its peers using value stock charts. The stock has a market capitalization of $1.38 billion. EEQ will post this quarters earnings in days, on 0000-00-00.