Enbridge Inc. (NYSE:ENB) trading with an addition of $0.36 to $42.47 on Thursday, an upside of 0.87 percent. An average of 4,246,995 shares of common stock have been traded in the last five days. There was a gain of $1.68 in the past week, and it reached a new high 48 times over the past 12 months. The last 20 days have seen an average of 3,824,109 shares traded, while the 50-day average volume stands at 3,696,414.
ENB stock has increased by 5.80% in the last month. The company shares reached their 1-month lowest point of $38.56 on 09/20/21. With the stock rallying to its 52-week high on 10/14/21, shares of the company touched a low of $26.97 and a high of $42.11 in 52 weeks. It has reached a new high 38 times so far this year and achieved 31.63% or $10.49 in price. In spite of this, the price is up 0.87% from the 52-week high.
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Enbridge Inc. (ENB) has a trailing price-to-earnings (P/E) ratio of 17.63, which compares with the 18.90 for the broader industry and 19.83 for the sector. In the last five years, Enbridge Inc.’s PE ratio has ranged between 49.21 and 12.00. The stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.50, the price-to-book (PB) ratio at 1.97.
Enbridge Inc. pays a $2.67 dividend per share annually. It offers a dividend yield of 6.28%. The company has a payout ratio of 137.70%. The company’s most recent quarterly dividend payment took place on Sep. 1, and it was $0.6645 a share, representing a down of -2.0 from $0.6778 last year. Its latest decrease dividend $0.0133 reported on Thursday July 29 2021. Dividends have grown by 30.37% each year over the last three years.
Enbridge Inc. will next go ex-dividend on 15-Nov. The next dividend payment Enbridge Inc. will make is expected to be $0.835.
The quick ratio of Enbridge Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.16 and a total debt to equity ratio of 1.26 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 43.70% against a 5-year average of 30.2%. Enbridge Inc.’s EBITDA margin for the year ending June 29 is 28.93%, while its operating margin for the same period stands at 19.20%. Its gross profit as reported stood at $13.75 billion compared to revenue of $29.18 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Enbridge Inc.’s return on assets was 3.80%, compared to 2.1% over the last five years. In the past year, the return on investment has been 4.00%, and the 5-year average is 5.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been 11.00% and the 5-year average holds at 8.0%. For the broader industry, ROE averaged 12.45 over the past year.
For the three-month period that ended June 29, Enbridge Inc. had $48.33 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.07 billion in the quarter, while revenues of $1.46 billion were shrunk -18.15%. The analyst consensus anticipated Enbridge Inc.’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.53, a 17.80% surprise. For the quarter, EBITDA amounted to $2.26 billion.
From a technical analysis perspective, let’s take a brief look at Enbridge Inc. (ENB) price momentum. RSI 9-day as of the close on 13 October was 81.15%, suggesting the stock is Overbought, with historical volatility in this time frame at 7.69%.
As of today, ENB’s price is $41.83 +4.12% or $1.68 from its 5-day moving average. ENB is currently trading +6.04% higher than its 20-day SMA and +9.20% higher than its 100-day SMA. However, the stock’s current price level is +8.42% above the SMA50 and +33.46% above the SMA200.
The stochastic %K and %D were 96.26% and 92.34%, respectively, and the average true range (ATR) was 0.61. With the 14-day stochastic at 96.63% and the average true range at 0.61, the RSI (14) stands at 73.32%. The stock has reached 0.91 on the 9-day MACD Oscillator while the 14-day reading was at 1.36.
Barclays downgraded Enbridge Inc. (NYSE: ENB) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as a an Overweight.The consensus rating for Enbridge Inc. (ENB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ENB, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 15 others rate it as a “buy”.
What is ENB’s price target for the next 12 months?
Analysts predict a range of price targets between $40.05 and $48.16, with a median target of $43.81. Taking a look at these predictions, the average price target given by analysts for Enbridge Inc. (ENB) stock is $43.87.