Enbridge Receives Average Rating of “Buy” from Brokerages (NYSE:ENB)
Enbridge (NYSE:ENB) has received a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, AnalystRatings.NET reports. Three equities research 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 1-year price target among brokers that have covered the stock in the last year is $60.00.
ENB has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Enbridge in a research note on Wednesday. They set a “neutral” rating on the stock. Separately, 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. Finally, analysts at Desjardins downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th.
Shares of Enbridge (NYSE:ENB) opened at 47.08 on Wednesday. Enbridge has a 52-week low of $39.98 and a 52-week high of $49.25. The stock has a 50-day moving average of $47.31 and a 200-day moving average of $45.35. The company has a market cap of $39.303 billion and a price-to-earnings ratio of 70.79.
Enbridge (NYSE:ENB) last announced its 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. On average, analysts predict that Enbridge will post $1.95 earnings per share for the current fiscal year.
Enbridge Inc (NYSE:ENB) transports and distributes energy across North America.
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