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, 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. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, 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. The current market price is above the trailing year's low by 5.47 percent, 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 will post this quarters earnings in days, on 0000-00-00.