Enbridge Inc [ENB] stock is trading at $42.98, up 1.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ENB shares have gain 2.65% over the last week, with a monthly amount drifted -0.88%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Enbridge Inc [NYSE: ENB] stock has seen the most recent analyst activity on November 06, 2024, when Wells Fargo upgraded its rating to a Equal Weight. On September 30, 2024, downgrade downgraded it’s rating to Hold. Jefferies started tracking the stock assigning a Buy rating. Stifel initiated its recommendation with a Hold. Wells Fargo downgraded its rating to Underweight for this stock on October 25, 2023. In a note dated October 17, 2023, Wolfe Research downgraded an Underperform rating on this stock.
Enbridge Inc [ENB] stock has fluctuated between $32.85 and $44.13 over the past year. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. Enbridge Inc [NYSE: ENB] shares were valued at $42.98 at the most recent close of the market. An investor can expect a potential return of 46.58% based on the average ENB price forecast.
Analyzing the ENB fundamentals
Enbridge Inc [NYSE:ENB] reported sales of 35.63B for the trailing twelve months, which represents a growth of 49.08%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.19%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.45.
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 42.64 points at the first support level, and at 42.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.15, and for the 2nd resistance point, it is at 43.33.
Ratios To Look Out For
For context, Enbridge Inc’s Current Ratio is 0.62. In addition, the Quick Ratio stands at 0.54 and the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 2.63, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 19.92.
