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

Enbridge Inc. (TSE:ENBGet Rating) (NYSE:ENB) has been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$58.33.

ENB has been the subject of several research reports. US Capital Advisors restated an “overweight” rating on shares of Enbridge in a research report on Wednesday, June 1st. CIBC lifted their price target on shares of Enbridge from C$60.00 to C$61.00 in a research report on Tuesday. Raymond James lifted their price target on shares of Enbridge from C$55.00 to C$57.00 and gave the stock a “market perform” rating in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of Enbridge from C$64.00 to C$63.00 and set an “equal weight” rating for the company in a research report on Friday, May 20th. Finally, Scotiabank lifted their price target on shares of Enbridge from C$58.00 to C$62.00 in a research report on Tuesday, April 19th.

Enbridge Trading Down 0.5 %

ENB opened at C$55.35 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 122.20. The stock has a market capitalization of C$112.07 billion and a PE ratio of 22.97. Enbridge has a 1-year low of C$46.88 and a 1-year high of C$59.69. The firm has a 50-day moving average price of C$55.74 and a two-hundred day moving average price of C$55.90.

Enbridge (TSE:ENBGet Rating) (NYSE:ENB) last posted its quarterly earnings data on Friday, May 6th. The company reported C$0.84 earnings per share for the quarter, missing the consensus estimate of C$0.85 by C($0.01). The business had revenue of C$15.10 billion for the quarter, compared to analysts’ expectations of C$13.13 billion. As a group, equities analysts anticipate that Enbridge will post 3.13 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Friday, August 12th. Enbridge’s dividend payout ratio is presently 140.66%.

Enbridge Company Profile

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Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

See Also

Analyst Recommendations for Enbridge (TSE:ENB)

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