Enbridge Inc (NYSE:ENB) shares traded 0.54% up during most recent session to reach at the closing price of $36.97. The stock exchanged hands 2.88 Million shares versus average trading capacity of 5 Million shares, yielding a market cap of $75.65 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $45.03 within the next 52-weeks. The mean target projections are based on 13 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Enbridge Inc (NYSE:ENB) high price target of $55.13 and with a conservative view have low price target of $32.78.
National Bank Financial “Downgrades” Enbridge Inc (NYSE:ENB) in a research note issued to investors on 3/04/19 to Sector Perform with price target of $0.
Additionally on 3/04/19 Scotiabank “Downgrades” Enbridge Inc (NYSE:ENB) to Sector Perform setting price target at $0 and on 3/04/19 Evercore ISI Group “Downgrades” the stock to In-Line at $0. Furthermore on 11/06/18 Wells Fargo “Upgrades” the stock to Outperform at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 56.62 along with Average True Range (ATR 14) of 0.67, Consequently Enbridge Inc (NYSE:ENB)’s weekly and monthly volatility is 1.44%, 1.60% respectively. The company’s beta value is at 0.69.
In terms of Buy, Sell or Hold recommendations, Enbridge Inc (NYSE:ENB) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Enbridge Inc (NYSE:ENB)’s minimum EPS for the current quarter is at $0.37 and can go high up to $0.5. The consensus mean EPS for the current quarter is at $0.44 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.46 earnings per share for the same quarter during last year.
Previously Enbridge Inc (NYSE:ENB) reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $-0.06. The company posted an earnings surprise of -16.2%.
Enbridge Inc (NYSE:ENB)’s revenue estimates for the current quarter are $8.68 Billion according to 5 number of analysts, for the current quarter the company has high revenue estimates of $9.72 Billion in contradiction of low revenue estimates of $7.66 Billion. For the current year the company’s revenue estimates are $34.4 Billion compared to low analyst estimates of $32.34 Billion and high estimates of $41.21 Billion according to 8 number of analysts.
Currently Enbridge Inc (NYSE:ENB)’s shares owned by insiders are 9.2%, whereas shares owned by institutional owners are 70.5%. However the six-month change in the insider ownership was recorded -0.03%, as well as three-month change in the institutional ownership was recorded 0.16%.
Enbridge Inc (NYSE:ENB)’s trailing twelve month revenues are $34.47 Billion, whereas its price to sales ratio for the same period is 2.19. Its book value per share for the most recent quarter is $25.33 while its price to book ratio for the same period is 1.46, as for as the company’s cash per share for the most recent quarter is $0.19, however its price to cash per share ratio for the same period is 196.49. The stock has 5 year expected PEG ratio of 3.44 whereas its trailing twelve month P/E ratio is 34.49.