A share price of Enbridge Inc [ENB] is currently trading at $44.07, up 1.54%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ENB shares have gain 2.51% over the last week, with a monthly amount glided 4.09%, and 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 experienced fluctuations in its stock price throughout the past year between $32.85 and $44.13. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. Enbridge Inc [NYSE: ENB] shares were valued at $44.07 at the most recent close of the market. An investor can expect a potential return of 42.95% based on the average ENB price forecast.
Analyzing the ENB fundamentals
Trailing Twelve Months sales for Enbridge Inc [NYSE:ENB] were 35.63B which represents 49.08% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.45.
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 43.49 points at the first support level, and at 42.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.37, and for the 2nd resistance point, it is at 44.67.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Enbridge Inc [NYSE:ENB] is 0.62. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 2.20 and price to earnings (TTM) ratio is 20.43.
