Enbridge Inc [ENB] stock is trading at $39.56, up 0.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ENB shares have gain 1.33% over the last week, with a monthly amount glided 5.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On October 25, 2023, downgrade downgraded it’s rating to Underweight. Wolfe Research downgraded its rating to a Underperform.
Enbridge Inc [ENB] stock has fluctuated between $31.03 and $40.05 over the past year. Currently, Wall Street analysts expect the stock to reach $44.17 within the next 12 months. Enbridge Inc [NYSE: ENB] shares were valued at $39.56 at the most recent close of the market. An investor can expect a potential return of 11.65% based on the average ENB price forecast.
Analyzing the ENB fundamentals
Enbridge Inc [NYSE:ENB] reported sales of 32.05B for the trailing twelve months, which represents a growth of 7.06%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.36 points at the first support level, and at 39.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.69, and for the 2nd resistance point, it is at 39.83.
Ratios To Look Out For
For context, Enbridge Inc’s Current Ratio is 0.77. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 1.95 and price to earnings (TTM) ratio is 20.65.
