The shares of EnLink Midstream, LLC (NYSE:ENLC) has been pegged with a rating of Buy by Jefferies in its latest research note that was published on December 20th, 2018. Jefferies wasn’t the only research firm that published a report of EnLink Midstream, LLC, with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on November 13th, 2018, to Outperform the ENLC stock. The stock had earned Hold rating from Tudor Pickering when it published its report on November 5th, 2018. The stock was given Neutral rating by Credit Suisse in its report released on October 11th, 2018. RBC Capital Mkts was of a view that ENLC is Outperform in its latest report on May 3rd, 2018. JP Morgan thinks that ENLC is worth Underweight rating. This was contained in the firm’s report on April 4th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $15.69. The price of the stock the last time has raised by 19.92% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 48.06.
The shares of the company dipped by -3.00% during the trading session on Monday, reaching a low of $10.6 while ending the day at $10.67. During the trading session, a total of 3.08 million shares were traded which represents a -112.29% decline from the average session volume which is 1.45M shares. ENLC had ended its last session trading at 11.00. EnLink Midstream, LLC currently has a market cap of $2.02B, while its P/E ratio stands at 48.50, while its P/E earnings growth sits at 0.27, with a beta of 2.34. EnLink Midstream, LLC debt-to-equity ratio currently stands at 2.36, while its quick ratio hovers at 0.70. ENLC 52-week low price stands at $8.90 while its 52-week high price is $19.78.
The company in its last quarterly report recorded $0.04 earnings per share which is below the $0.11 predicted by most analysts. The EnLink Midstream, LLC generated $2,114.30 million in revenue during the last quarter, which is slightly higher than the $1,875.94 million predicted by analysts. In the second quarter last year, the firm recorded $0.15 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -275%. EnLink Midstream, LLC has the potential to record 0.22 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Raymond James published a research note on October 15th, 2018 where it informed investors and clients that ARRIS International plc (NASDAQ:ARRS) is now rated as Outperform. Credit Suisse also rated ARRS as Upgrade on November 13th, 2018, with its price target of $8 suggesting that ARRS could down by -1.32% from its current share price. Even though the stock has been trading at $30.70/share, analysts expect it to surge higher by 0.29% to reach $30.39/share. It started the day trading at $30.84 and traded between $30.61 and $30.79 throughout the trading session.
A look at its technical shows that ARRS’s 50-day SMA is 29.96 while its 200-day SMA stands at 26.72. The stock has a high of $31.06 for the year while the low is $21.55. The company’s P/E ratio currently sits at 93.87, while the P/B ratio is 1.87. The company’s average trading volume currently stands at 5.35M shares, which means that the short-interest ratio is just 3.45 days. Over the past seven days, the company moved, with its shift of 0.20%. Looking further, the stock has raised 34.75% over the past 90 days while it gained 16.50% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Hotchkis Wiley Capital Manageme bought more ARRS shares, increasing its portfolio by +2.48% during the last quarter. This move now sees Hotchkis Wiley Capital Manageme purchasing 405,238 shares in the last quarter, thus it now holds 16,718,276 shares of ARRS, with a total valuation of $511,077,697. The Vanguard Group Inc meanwhile sold more ARRS shares in the recently filed quarter, changing its stake to $480,414,765 worth of shares. BlackRock Fund Advisors followed the path by decreasing its ARRS portfolio by -0.40% in the quarter. This means that BlackRock Fund Advisors sold -55,462 shares in the last quarter and now controls 13,795,690 shares of the ARRS stock, with the valuation hitting $421,734,243.
Similarly, Columbia Management Investment Ad increased its ARRIS International plc shares by +9.85% during the recently filed quarter. After buying 648,195 shares in the last quarter, the firm now controls 7,227,872 shares of ARRIS International plc which are valued at $220,956,047. In the same vein, Lyrical Asset Management LP increased its ARRIS International plc shares by during the most recent reported quarter. The firm bought 61,597 shares during the quarter which increased its stakes to 5,675,175 shares and is now valued at $173,490,100. Following these latest developments, around 0.30% of ARRIS International plc stocks are owned by institutional investors and hedge funds.