Royal Bank Reiterates 'Outperform' on Enterprise Products Partners Amid Strong Earnings

Enterprise Products Partners (NYSE:EPD) has retained its 'outperform' rating from Royal Bank Of Canada, which predicts a potential upside of 9.85% from the stock's previous close.

The price objective for EPD is $42.00, up from its current market value. This comes on the heels of the company's recent quarterly earnings data release on July 29th, where it reported $0.84 in earnings per share, beating analyst estimates by $0.09.

Enterprise Products Partners' revenue for the quarter was $18.27 billion, a 60.8% increase from the same period last year. As of now, analysts predict that EPD will post 3.03 EPS for the current year.