Enbridge Inc. (TSE:ENB) Receives C$53.59 Consensus Target Price from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$53.00.

A number of research firms have weighed in on ENB. ATB Capital set a C$56.00 target price on Enbridge and gave the stock an “outperform” rating in a report on Friday, January 5th. Jefferies Financial Group lowered their price target on shares of Enbridge from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Stifel Nicolaus set a C$52.00 target price on shares of Enbridge and gave the company a “hold” rating in a research note on Thursday, January 18th. Royal Bank of Canada cut their price target on Enbridge from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. Finally, National Bankshares increased their target price on Enbridge from C$51.00 to C$52.00 in a research note on Thursday, March 7th.

Enbridge Stock Performance

Shares of ENB stock opened at C$48.86 on Monday. The company has a debt-to-equity ratio of 127.95, a quick ratio of 0.44 and a current ratio of 0.83. Enbridge has a fifty-two week low of C$42.75 and a fifty-two week high of C$54.05. The company has a market capitalization of C$104.07 billion, a P/E ratio of 17.20, a PEG ratio of 0.75 and a beta of 0.89. The stock has a 50 day moving average price of C$47.68 and a two-hundred day moving average price of C$47.11.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, February 9th. The company reported C$0.64 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The firm had revenue of C$11.30 billion for the quarter, compared to analysts’ expectations of C$12.99 billion. Enbridge had a return on equity of 9.47% and a net margin of 14.18%. Analysts expect that Enbridge will post 2.8389626 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 7.49%. Enbridge’s dividend payout ratio (DPR) is currently 128.87%.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.