Enbridge (TSE:ENB) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective raised by research analysts at ATB Cormark Capital Markets from C$72.00 to C$78.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective indicates a potential upside of 11.14% from the company’s current price.

ENB has been the subject of several other reports. National Bank Financial increased their target price on Enbridge from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada raised their price objective on shares of Enbridge from C$67.00 to C$72.00 in a report on Monday, November 10th. Raymond James Financial upped their target price on shares of Enbridge from C$74.00 to C$76.00 in a research note on Monday, November 10th. JPMorgan Chase & Co. downgraded Enbridge from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Finally, BMO Capital Markets increased their target price on Enbridge from C$67.00 to C$70.00 in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$73.31.

Enbridge Stock Down 4.3%

Enbridge stock traded down C$3.12 during midday trading on Tuesday, hitting C$70.18. 6,281,935 shares of the company were exchanged, compared to its average volume of 8,972,060. The company has a market cap of C$153.20 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. Enbridge has a fifty-two week low of C$56.51 and a fifty-two week high of C$73.71. The company’s fifty day moving average price is C$66.00 and its 200-day moving average price is C$66.57. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share (EPS) for the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. The company had revenue of C$17.18 billion for the quarter. On average, research analysts predict that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.