Enbridge Inc. (TSE:ENB) Receives Average Recommendation of “Moderate Buy” from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$71.31.

A number of research firms recently weighed in on ENB. Royal Bank Of Canada raised their price target on Enbridge from C$67.00 to C$72.00 in a report on Monday, November 10th. Jefferies Financial Group dropped their target price on Enbridge from C$73.00 to C$71.00 in a research report on Tuesday, December 23rd. Barclays boosted their price target on shares of Enbridge from C$65.00 to C$68.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. ATB Capital set a C$72.00 target price on Enbridge and gave the company an “outperform” rating in a research note on Tuesday, December 23rd. Finally, Cibc World Mkts lowered Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th.

Enbridge Price Performance

TSE:ENB opened at C$66.47 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm has a market cap of C$145.10 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge has a 12 month low of C$56.51 and a 12 month high of C$70.39. The company’s 50-day moving average price is C$65.50 and its two-hundred day moving average price is C$65.94.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, November 7th. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$14.64 billion during the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. On average, equities analysts anticipate that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were issued a dividend of $0.9425 per share. The ex-dividend date was Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a yield of 5.7%. Enbridge’s payout ratio is currently 146.76%.

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.