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 most optimistic price target was 21, which equates to a potential upside of 37.8 percent. The minimum price target given was 17, which equates to a potential downside 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. If we look at the last 90 days instead, we find a net average change of 104.55 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. 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 a 52-week high of 25.36 and a 52-week low of 14.45. The current market price is above the trailing year's low by 5.47 percent, and 39.91 percent below the high. EEQ has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.