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Enbridge Inc. (ENB) Review – Making Smarter Decisions

Enbridge Inc. (NYSE: ENB) is -5.32% lower on its value in year-to-date trading and has touched a low of $35.02 and a high of $47.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENB stock was last observed hovering at around $36.59 in the last trading session, with the day’s gains setting it 0.43% off its average median price target of $42.68 for the next 12 months. It is also 22.62% off the consensus price target high of $47.84 offered by 22 analysts, but current levels are 4.98% higher than the price target low of $38.96 for the same period.

Currently trading at $37.02, the stock is -3.17% and -6.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.29 million and changing 1.18% at the moment leaves the stock -9.28% off its SMA200. ENB registered -15.98% loss for a year compared to 6-month loss of -12.27%.

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The stock witnessed a -6.91% gain in the last 1 month and extending the period to 3 months gives it a -7.01%, and is -2.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 1.89% over the month.

Enbridge Inc. (ENB) has around 10900 employees, a market worth around $75.33B and $38.55B in sales. Current P/E ratio is 40.15 and Fwd P/E is 12.26. Profit margin for the company is 4.90%. Distance from 52-week low is 5.71% and -22.34% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).

Enbridge Inc. (ENB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Enbridge Inc. (ENB) is a “Overweight”. 22 analysts offering their recommendations for the stock have an average rating of 2.40, where 12 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Enbridge Inc. is expected to release its quarterly report on 05/11/2023.The EPS is expected to shrink by -55.60% this year

Enbridge Inc. (ENB) Top Institutional Holders

The shares outstanding are 2.02B, and float is at 2.02B with Short Float at 3.63%.

Enbridge Inc. (ENB): Who are the competitors?

The company’s main competitors (and peers) include Hess Corporation (HES) that is trading 29.77% up over the past 12 months and Suncor Energy Inc. (SU) that is -1.82% lower over the same period. Enterprise Products Partners L.P. (EPD) is 4.38% up on the 1-year trading charts.

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