EnLink Midstream Surpasses Analyst Target: What’s Next for Investors?
In recent trading, EnLink Midstream LLC (Symbol: ENLC) saw its shares rise above the average analyst 12-month target price of $15.55, now valued at $15.60 per share. When a stock hits its targeted price, analysts typically respond in one of two ways: they may downgrade their assessment based on valuation or adjust their target price upwards. This reaction can also be influenced by positive developments within the company, suggesting it might be time for an increase in target price.
Understanding Analyst Targets and Market Sentiment
Within the Zacks coverage universe, there are nine analysts contributing to the average target for EnLink Midstream LLC. However, this average represents a range of opinions. Some analysts have predicted a price lower than the average, with one stating a target of $15.00, while another is more optimistic, setting a target at $17.00. The standard deviation among these estimates is $0.726, reflecting varying levels of confidence.
The primary reason to consider the average ENLC price target is to benefit from a collective insight, drawing from various analysts rather than relying on a single expert’s viewpoint. With ENLC surpassing the average target price of $15.55, investors now face an important decision: is this price a stepping stone toward an even higher target, or is the valuation becoming excessive, prompting a reevaluation of their investment positions?
Current Analyst Ratings for EnLink Midstream LLC
| Recent ENLC Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 1 | 5 |
| Buy ratings: | 1 | 2 | 2 | 2 |
| Hold ratings: | 9 | 7 | 6 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.9 | 2.78 | 2.56 | 1.8 |
The average rating in the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis uses data provided by Zacks Investment Research via Quandl.com, and investors can access the latest Zacks research report on ENLC at no cost.
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Additional Resources:
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
