Enbridge Inc (TSE:ENB) (NYSE:ENB) – National Bank Financial increased their FY2021 earnings per share estimates for Enbridge in a research report issued to clients and investors on Sunday, March 22nd. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $2.52 per share for the year, up from their previous estimate of $2.51. National Bank Financial has a “Outperform” rating and a $56.00 price objective on the stock.
Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data on Friday, February 14th. The company reported C$0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.65 by C($0.04). The company had revenue of C$12.35 billion for the quarter, compared to analyst estimates of C$12.39 billion.
ENB has been the topic of several other research reports. Morgan Stanley reduced their price objective on shares of Enbridge from C$50.00 to C$40.00 in a research note on Monday, March 16th. Jefferies Financial Group raised shares of Enbridge from a “hold” rating to a “buy” rating in a research note on Tuesday. TD Securities upped their price objective on shares of Enbridge from C$58.00 to C$60.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. US Capital Advisors raised shares of Enbridge from a “hold” rating to a “buy” rating in a research note on Friday, March 13th. Finally, Tudor Pickering & Holt set a C$53.00 price objective on shares of Enbridge and gave the company a “buy” rating in a research note on Monday, March 16th. Eight investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$55.13.
Shares of ENB opened at C$41.94 on Wednesday. The company has a debt-to-equity ratio of 94.99, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market capitalization of $75.03 billion and a price-to-earnings ratio of 15.95. The company’s 50 day simple moving average is C$48.97 and its 200 day simple moving average is C$49.53. Enbridge has a 1 year low of C$33.06 and a 1 year high of C$57.32.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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