Enbridge Inc. (TSE:ENB) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Enbridge Inc. (TSE:ENB – Get Free Report) (NYSE:ENB) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$74.27.

A number of equities analysts have commented on the company. ATB Cormark Capital Markets raised their price objective on Enbridge from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating and lifted their price target for the company from C$71.00 to C$76.00 in a research note on Tuesday, February 17th. Scotiabank lifted their price target on Enbridge from C$77.00 to C$78.00 and gave the company a “sector outperform” rating in a research note on Monday, May 11th. Raymond James Financial lifted their price target on Enbridge from C$78.00 to C$80.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. lowered Enbridge from an “overweight” rating to a “neutral” rating and decreased their price target for the company from C$74.00 to C$69.00 in a research note on Tuesday, January 27th.

Check Out Our Latest Research Report on ENB

Enbridge Price Performance

Enbridge stock opened at C$76.13 on Tuesday. The stock’s fifty day moving average price is C$73.99 and its two-hundred day moving average price is C$69.48. Enbridge has a one year low of C$59.68 and a one year high of C$77.18. The company has a debt-to-equity ratio of 168.58, a current ratio of 0.81 and a quick ratio of 0.44. The firm has a market cap of C$166.24 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.72 and a beta of 0.87.

Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.98 EPS for the quarter. Enbridge had a return on equity of 11.41% and a net margin of 9.73%.The firm had revenue of C$22.36 billion for the quarter. As a group, research analysts expect that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, June 1st will be paid a $0.97 dividend. The ex-dividend date is Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 5.1%. Enbridge’s dividend payout ratio (DPR) is presently 128.73%.

About Enbridge

(Get Free Report)

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.

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