Enbridge Inc. (NYSE:ENB) saw a downside of -0.84% to close Tuesday at $41.53 after subtracting -$0.35 on the day. The 5-day average trading volume is 2,611,120 shares of the company’s common stock. It has gained $42.11 in the past week and touched a new high 1 time within the past 5 days. An average of 2,504,440 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,471,056.
ENB’s 1-month performance is 5.70% or $2.04 on its low of $38.71 reached on 01/03/23. The company’s shares have touched a 52-week low of $35.02 and high of $47.67, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, ENB has achieved 6.21% or $2.43 and has reached a new high 9 times. However, the current price is down -12.88% from the 52-week high price.
ENB stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.14 while the price-to-book (PB) in the most recent quarter is 1.95.
Enbridge Inc.’s quick ratio for the period ended September 29 was 0.50, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.27, while the total debt to equity was 1.42.. In terms of profitability, the gross margin trailing 12 months is 38.40%. The firm’s gross profit as reported stood at $14.66 billion against revenue of $37.56 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 59.15% to $1.28 billion, while revenue of $344.7 million was 73.05% off the previous quarter. Analysts expected ENB to announce $0.48 per share in earnings in its latest quarter, but it posted $0.5, representing a 4.20% surprise. EBITDA for the quarter stood at more than $2.15 billion. ENB stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 87.61 billion, with total debt at $82.24 billion.
Let’s look briefly at Enbridge Inc. (ENB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 60.13% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.36%.
The stock’s 5-day moving average is $41.57, reflecting a -0.36% or -$0.15 change from its current price. ENB is currently trading +6.95% above its 20-day SMA, -2.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.76% and SMA200 by-10.76%.
Stochastic %K and %D was 88.75% and 86.10% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 59.43%, while the 14-day stochastic is at 80.34% with the period’s ATR at 0.67. The stock’s 9-day MACD Oscillator is pointing at 0.14 and 0.59 on the 14-day charts.
In the most recent analyst report for Enbridge Inc. (NYSE: ENB), National Bank Financial downgraded it to a Sector perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for ENB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ENB as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.
What is ENB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $38.21 and a high of $47.95, with their median price target at $44.06. Looking at these predictions, the average price target given by analysts is for Enbridge Inc. (ENB) stock is $43.23.