At the time of writing, Enbridge Inc [ENB] stock is trading at $40.75, down -0.75%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ENB shares have lost -0.07% over the last week, with a monthly amount glided 0.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Enbridge Inc [NYSE: ENB] stock has seen the most recent analyst activity on September 30, 2024, when Jefferies downgraded its rating to a Hold. On January 18, 2024, Stifel initiated with a Hold rating. Wells Fargo downgraded its rating to a Underweight. Wolfe Research downgraded its rating to a Underperform.
For the past year, the stock price of Enbridge Inc fluctuated between $31.03 and $41.35. Currently, Wall Street analysts expect the stock to reach $44.17 within the next 12 months. Enbridge Inc [NYSE: ENB] shares were valued at $40.75 at the most recent close of the market. An investor can expect a potential return of 8.39% based on the average ENB price forecast.
Analyzing the ENB fundamentals
According to Enbridge Inc [NYSE:ENB], the company’s sales were 32.05B for trailing twelve months, which represents an 7.06% jump. 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 40.50 points at the first support level, and at 40.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.98, and for the 2nd resistance point, it is at 41.22.
Ratios To Look Out For
It is important to note that Enbridge Inc [NYSE:ENB] has a current ratio of 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 2.77, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 21.27.
