Enbridge Receives Consensus Recommendation of “Buy” from Analysts (NYSE:ENB)
Shares of Enbridge (NYSE:ENB) have received an average recommendation of “Buy” from the nine analysts that are presently covering the stock, StockRatingsNetwork.com reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $60.00.
Several analysts have recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Enbridge from C$55.00 to C$60.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Separately, analysts at Desjardins downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, analysts at Canaccord Genuity downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th.
Enbridge (NYSE:ENB) opened at 47.66 on Wednesday. Enbridge has a 52-week low of $39.69 and a 52-week high of $49.25. The stock has a 50-day moving average of $47.64 and a 200-day moving average of $44.15. The company has a market cap of $39.787 billion and a P/E ratio of 72.64.
Enbridge (NYSE:ENB) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.10. During the same quarter in the previous year, the company posted $0.62 earnings per share. Analysts expect that Enbridge will post $1.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, May 13th.
Enbridge Inc (NYSE:ENB) transports and distributes energy across North America.
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