3 Great Stocks You Can Buy on Sale
While the stock market has been riding high this year, there are still pockets of value. Among those, the market's rally seems to have forgotten top-tier energy infrastructure companies Kinder Morgan (NYSE: KMI), Energy Transfer Partners (NYSE: ETP), and Enterprise Products Partners (NYSE: EPD). All three have all fallen since the start of the year despite making significant progress on their value-creation initiatives. As a result, investors can pick up any one of these three great stocks on sale.
The stock price of natural gas pipeline giant Kinder Morgan (NYSE: KMI) has declined about 10% this year to less than $19 per share in recent days. At that price, Kinder Morgan trades at just 9.5 times the $1.99 per share in distributable cash flow (DCF) it expects to produce this year. That's an embarrassingly cheap valuation for the company considering that it has cost as much as 20 times DCF in the recent past and typically trades at a mid-teens multiple.
These stocks might be down, but they should bounce back in the future. Image source: Getty Images.
Source: Fool.com
Enterprise Products Partners L.p. Stock
Enterprise Products Partners L.p. is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
As a result the target price of 30 € shows a very positive potential of 99.68% compared to the current price of 15.02 € for Enterprise Products Partners L.p..
