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.

Several price targets were given for EEQ by the analysts covering the stock. The highest price target was 21, which equates to a potential upside of 37.8 percent. The most pessimistic analyst gave a price target of 17, implying potential capital losses of 11.55 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 77.98 percent if we expand the time horizon to include the past 3 months instead of just one. 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. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

In the trailing 52-weeks, EEQ hit 25.36 at the highest peak, while it's lowest trading point was 14.45. 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 market cap of EEQ is $1.38 billion. EEQ is estimated to release their earnings results for the quarter on 0000-00-00, days from today.