Enbridge Inc [ENB] stock prices are down -0.14% to $42.67 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ENB shares have gain 2.72% over the last week, with a monthly amount drifted -4.11%, 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.
The stock price of Enbridge Inc [ENB] has been fluctuating between $32.85 and $45.78 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 $42.67 at the most recent close of the market. An investor can expect a potential return of 47.64% based on the average ENB price forecast.
Analyzing the ENB fundamentals
The Enbridge Inc [NYSE:ENB] reported sales of 39.06B for trailing twelve months, representing a surge of 41.16%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.54.
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 42.21 points at the first support level, and at 41.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.24, and for the 2nd resistance point, it is at 43.81.
Ratios To Look Out For
It’s worth pointing out that Enbridge Inc [NYSE:ENB]’s Current Ratio is 0.55. On the other hand, the Quick Ratio is 0.49, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 2.26 and price to earnings (TTM) ratio is 24.83.
