Enbridge Inc. (TSE:ENB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$69.50.

Several analysts have commented on ENB shares. Scotiabank boosted their target price on shares of Enbridge from C$65.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. National Bankshares increased their price target on shares of Enbridge from C$64.00 to C$65.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. CIBC lifted their price target on shares of Enbridge from C$70.00 to C$71.00 in a research note on Monday, November 10th. Raymond James Financial lifted their price target on shares of Enbridge from C$74.00 to C$76.00 in a report on Monday, November 10th. Finally, ATB Capital boosted their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th.

Enbridge Price Performance

ENB opened at C$66.78 on Tuesday. The stock has a fifty day moving average price of C$67.39 and a 200 day moving average price of C$64.91. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. Enbridge has a 1 year low of C$56.51 and a 1 year high of C$70.39. The stock has a market cap of C$145.67 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.72 and a beta of 0.91.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$14.64 billion during the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. Analysts forecast that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, December 1st will be issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, November 14th. Enbridge’s payout ratio is currently 146.76%.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.