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 price target was 57.01, implying a possible profit 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.43 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -11.41 percent. Meanwhile, fiscal year estimates have been revised upwards by 2.53 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -13.61 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
ENB has an estimated earnings growth rate of 37.53 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, 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. Today's price is 10.32 percent above the 52-week low, 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 market cap of ENB is $84.65 billion. ENB's next earnings release will be on 0000-00-00, which is days away.