Analysts Set Enbridge Inc. (ENB) PT at $57.33
Enbridge Inc. (NYSE:ENB) has earned an average recommendation of “Buy” from the fifteen analysts that are presently covering the firm. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $57.33.
Several research firms have recently weighed in on ENB. Scotiabank reaffirmed an “outperform” rating and set a $61.00 price objective on shares of Enbridge in a research report on Wednesday, August 3rd. Zacks Investment Research cut Enbridge from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. TD Securities reaffirmed a “buy” rating and set a $59.00 price objective (up from $58.00) on shares of Enbridge in a research report on Wednesday, August 3rd. RBC Capital Markets reissued an “outperform” rating on shares of Enbridge in a research report on Sunday, September 4th. Finally, National Bank Financial raised Enbridge from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, September 7th.
Shares of Enbridge (NYSE:ENB) opened at 43.98 on Friday. The company has a 50-day moving average of $43.13 and a 200 day moving average of $41.43. The stock has a market cap of $41.09 billion, a PE ratio of 40.09 and a beta of 0.64. Enbridge has a one year low of $27.43 and a one year high of $45.77.
Enbridge (NYSE:ENB) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.03. Enbridge had a return on equity of 12.96% and a net margin of 4.29%. During the same period last year, the firm earned $0.60 EPS. On average, analysts predict that Enbridge will post $1.77 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Enbridge during the second quarter worth $108,000. MSI Financial Services Inc raised its position in shares of Enbridge by 10.6% in the third quarter. MSI Financial Services Inc now owns 3,638 shares of the company’s stock worth $161,000 after buying an additional 348 shares during the period. Zions Bancorporation raised its position in shares of Enbridge by 508.9% in the first quarter. Zions Bancorporation now owns 4,311 shares of the company’s stock worth $170,000 after buying an additional 3,603 shares during the period. Thompson Davis & CO. Inc. raised its position in shares of Enbridge by 1,054.3% in the second quarter. Thompson Davis & CO. Inc. now owns 4,617 shares of the company’s stock worth $196,000 after buying an additional 4,217 shares during the period. Finally, Pinkerton Retirement Specialists LLC purchased a new position in shares of Enbridge during the second quarter worth $214,000. Institutional investors own 66.77% of the company’s stock.
Enbridge Company Profile
Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.
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