Enbridge Inc [NYSE: ENB] slipped around -0.19 points on Thursday, while shares priced at $40.40 at the close of the session, down -0.47%.
Compared to the average trading volume of 3.60M shares, ENB reached a trading volume of 5631631 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Enbridge Inc [ENB]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENB shares is $42.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENB stock is a recommendation set at 2.45. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Enbridge Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 25, 2024. The new note on the price target was released on September 30, 2024, representing the official price target for Enbridge Inc stock.
The Average True Range (ATR) for Enbridge Inc is set at 0.48, with the Price to Sales ratio for ENB stock in the period of the last 12 months amounting to 3.82. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 0.89. Price to Free Cash Flow for ENB in the course of the last twelve months was 19.54 with Quick ratio for the last quarter at 0.68.
How has ENB stock performed recently?
Enbridge Inc [ENB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.77. With this latest performance, ENB shares dropped by -1.61% in over the last four-week period, additionally plugging by 10.93% over the last 6 months – not to mention a rise of 26.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENB stock in for the last two-week period is set at 41.37, with the RSI for the last a single of trading hit 33.65, and the three-weeks RSI is set at 46.95 for Enbridge Inc [ENB]. The present Moving Average for the last 50 days of trading for this stock 40.69, while it was recorded at 40.64 for the last single week of trading, and 37.11 for the last 200 days.
Enbridge Inc [ENB]: Deeper insight into the fundamentals
Enbridge Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 0.77.
Earnings analysis for Enbridge Inc [ENB]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enbridge Inc go to 6.70%.
Insider trade positions for Enbridge Inc [ENB]
There are presently around $54.57%, or 54.63%% of ENB stock, in the hands of institutional investors. The top three institutional holders of ENB stocks are: ROYAL BANK OF CANADA with ownership of 130.34 million shares, which is approximately 6.1309%. VANGUARD GROUP INC, holding 86.27 million shares of the stock with an approximate value of $$3.07 billion in ENB stocks shares; and VANGUARD GROUP INC, currently with $$2.17 billion in ENB stock with ownership which is approximately 2.8747%.
