Analyst Ratings for Enbridge Inc. (ENB)Updated: 2017-07-28
Shares of Enbridge Inc. (NYSE:ENB) have received a consensus rating of Overweight from Wall Street analysts. Last month, ENB received an average rating of Overweight.
10 analysts declared ENB a buy, 1 issued an overweight rating, 8 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for ENB. The most optimistic analyst gave a price target of 57.01, implying potential capital gains of 38.28 percent. The most pessimistic analyst gave a price target of 41.66, which equates to a potential downside of 1.05 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.43 percent. The average change in earnings estimates over the last 90 days is -11.41 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.53 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -13.61 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of ENB to grow at a rate of 37.53 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ENB is 0.95.
In the trailing 52-weeks, ENB hit 45.77 at the highest peak, while it's lowest trading point was 37.37. The current market price is above the trailing year's low by 10.32 percent, and below the high by 9.93 percent. ENB has a P/E ratio of 35.84. Investors typically compare the P/E ratio to a company's peers in the industry. The ENB value stock report compares ENB to some of its peers using value stock charts. The stock has a market capitalization of $84.65 billion. ENB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.