Is Enbridge Inc. (ENB) A Solid Choice On The Value Front?

The stock of Enbridge Inc. (NYSE:ENB) increased by $1.0 on Tuesday to finish at $41.49, up 2.47 percent. The last five days have seen an average of 5,603,960 shares of common stock traded. 33 times new highs were reached in the current year, with a gain of $2.41. The average number of shares traded over the last 20 days was 4,014,015, while the average volume over the last 50 days totaled 4,134,072.

ENB stock dropped -6.64% since last month. On 06/17/22, the company’s shares reached a one-month low of $39.41. The stock touched a high of $47.67 on 06/08/22, after rallying from a low of $36.21 in 52 weeks. The price of ENB stock has risen by 6.17% or $2.41 this year, reaching a new high 33 times. Still, the stock price is down -12.96% from the 52-week high.

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Valuation Metrics

Enbridge Inc. (ENB) has a trailing price-to-earnings (P/E) ratio of 18.64. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.21, the price-to-book (PB) ratio of 1.99.

Company paid $0.6690 per share in dividends, a decrease of -0.59% from $0.6730 last year. A $0.0040 dividend decrease was reported on Wednesday May 4 2022.

Financial Health

For the three months ended March 30, Enbridge Inc.’s quick ratio was 0.60, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.29, and the total debt to equity ratio is 1.40. As far as profitability goes, gross margin for the trailing twelve months is 37.50% percent. Enbridge Inc.’s operating margin stood at 15.20% for the same period. Based on annual data, it had gross profit of $14.66 billion and revenue of $37.56 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ENB’s return on assets (ROA) during the last 12 months has been 3.50%. There was a 4.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.80%.

Earnings Surprise

According to Enbridge Inc.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.56 billion, while revenues rose by 19.28% to $9.55 billion. It was predicted that Enbridge Inc.’s quarterly earnings would be $0.65, but it ended up being $0.65. EBITDA was $2.74 billion for the quarter. At the end of Enbridge Inc.’s most recent quarter ended March 30, its liabilities totaled 83.0 billion, while its total debt was $76.56 billion.

Technical Picture

Here’s a quick look at Enbridge Inc.’s (ENB) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 29.56%, suggesting the stock is oversold, with a 25.62% historical volatility rate.

The stochastic %K and %D were 17.11% and 12.13% respectively, while the average true range (ATR) was 1.21. Based on the 14-day stochastic reading of 25.18%, the RSI (14) reading is 33.60%. On the 9-day MACD Oscillator, the stock is at -2.51, and the 14-day reading is at -3.72.

Analyst Ratings

Enbridge Inc. (NYSE: ENB) was downgraded by Scotiabank to a a Sector perform rating in its latest research report. The stock was previously rated as a a Sector outperform. Analysts have assigned Enbridge Inc. (ENB) an Overweight rating. ENB is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.

What is ENB’s price target for the next 12 months?

The current consensus forecast for the stock is between $41.26 and $52.30, with a median target price of $47.37. In analyzing these forecasts, the average price target given by analysts for Enbridge Inc. (ENB) is $47.07.


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