A share price of Enbridge Inc [ENB] is currently trading at $41.09, down -2.05%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ENB shares have lost -7.81% over the last week, with a monthly amount drifted -3.73%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On November 06, 2024, upgrade upgraded it’s rating to Equal Weight. Jefferies downgraded its rating to a Hold. In a note dated January 18, 2024, Stifel initiated an Hold rating.
Enbridge Inc experienced fluctuations in its stock price throughout the past year between $32.85 and $46.12. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. Enbridge Inc [NYSE: ENB] shares were valued at $41.09 at the most recent close of the market. An investor can expect a potential return of 53.32% based on the average ENB price forecast.
Analyzing the ENB fundamentals
Trailing Twelve Months sales for Enbridge Inc [NYSE:ENB] were 39.06B which represents 41.16% growth. 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 40.14 points at the first support level, and at 39.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.49, and for the 2nd resistance point, it is at 43.90.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Enbridge Inc [NYSE:ENB] is 0.55. Also, the Quick Ratio is 0.49, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 23.91.
