At the time of writing, Enbridge Inc [ENB] stock is trading at $41.75, up 0.24%. 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 lost -1.32% over the last week, with a monthly amount drifted -6.60%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Wells Fargo upgraded its rating to Equal Weight on November 06, 2024. Jefferies downgraded its rating to a Hold. Jefferies initiated its recommendation with a Buy. In a note dated October 25, 2023, Wells Fargo downgraded an Underweight rating on this stock.
For the past year, the stock price of Enbridge Inc fluctuated between $32.85 and $45.78. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. Enbridge Inc [NYSE: ENB] shares were valued at $41.75 at the most recent close of the market. An investor can expect a potential return of 50.9% based on the average ENB price forecast.
Analyzing the ENB fundamentals
According to Enbridge Inc [NYSE:ENB], the company’s sales were 39.06B for trailing twelve months, which represents an 41.16% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.54.
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 41.44 points at the first support level, and at 41.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.09, and for the 2nd resistance point, it is at 42.44.
Ratios To Look Out For
It is important to note that Enbridge Inc [NYSE:ENB] has a current ratio of 0.55. Further, the Quick Ratio stands at 0.49, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.33, the price to book ratio is 2.21 and price to earnings (TTM) ratio is 24.29.
