Enbridge Inc (ENB) concluded trading on 01/10/24 at a closing price of $36.90, with 5.8 million shares of worth about $213.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.14% during that period and on Wednesday the price saw a gain of about 0.54%. Currently the company’s common shares owned by public are about 2.13B shares, out of which, 2.12B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the ENB stock and their offered price forecasts bring an average price target of $52.82. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $62.00 and could fall to a lowest price of $43.00. The stock’s current price level is 5.92% above of average price target set by the analysts, while a rise to estimated low would result in gain of 14.19% for the stock. However, touching the estimated high of $62.00 would mean a gain of 40.48% for the stock.
Enbridge Inc (NYSE: ENB) started trading at $36.73, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 37.03, or with a gain of 0.54%. Stock saw a price change of 1.18% in past 5 days and over the past one month there was a price change of 5.67%. Year-to-date (YTD), ENB shares are showing a performance of 2.44% which decreased to -10.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.03 but also hit the highest price of $42.11 during that period. The average intraday trading volume for Enbridge Inc shares is 5.49 million. The stock is currently trading 2.59% above its 20-day simple moving average (SMA20), while that difference is up 6.50% for SMA50 and it goes to 2.96% higher than SMA200.
Enbridge Inc (NYSE: ENB) currently have 2.13B outstanding shares and institutions hold larger chunk of about 53.28% of that.
The stock has a current market capitalization of $78.43B and its 3Y-monthly beta is at 0.86. PE ratio of stock for trailing 12 months is 33.06, while it has posted earnings per share of $1.12 in the same period. Its PEG reads 66.12 and has Quick Ratio of 0.57 while making debt-to-equity ratio of 1.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENB, volatility over the week remained 1.37% while standing at 1.32% over the month.
Analysts are in expectations that Enbridge Inc (ENB) stock would likely to be making an EPS of $0.5 in the current quarter, while forecast for next quarter EPS is $0.64 and it is $2.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.46 which is $0.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.63% while it is estimated to decrease by -1.69% in next year. EPS is likely to grow at an annualized rate of 0.50% for next 5-years, compared to annual growth of -5.14% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Enbridge Inc (ENB)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.25. Out of those 20 Wall Street analysts, 8 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
