Enbridge Inc [NYSE: ENB] gained 1.64% or 0.7 points to close at $43.49 with a heavy trading volume of 3764409 shares.
The daily chart for ENB points out that the company has recorded 20.91% gains over the past six months.
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If we look at the average trading volume of 3.36M shares, ENB reached to a volume of 3764409 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $42.89 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 2.36. 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.
Wells Fargo have made an estimate for Enbridge Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 06, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on October 25, 2024, representing the official price target for Enbridge Inc stock.
The Average True Range (ATR) for Enbridge Inc is set at 0.65, with the Price to Sales ratio for ENB stock in the period of the last 12 months amounting to 3.72. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 0.49. Price to Free Cash Flow for ENB in the course of the last twelve months was 22.50 with Quick ratio for the last quarter at 0.54.
Trading performance analysis for ENB stock
Enbridge Inc [ENB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.93. With this latest performance, ENB shares gained by 5.51% in over the last four-week period, additionally plugging by 20.91% over the last 6 months – not to mention a rise of 28.44% 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 65.75, with the RSI for the last a single of trading hit 67.76, and the three-weeks RSI is set at 64.42 for Enbridge Inc [ENB]. The present Moving Average for the last 50 days of trading for this stock 41.34, while it was recorded at 42.80 for the last single week of trading, and 37.61 for the last 200 days.
Enbridge Inc [ENB]: A deeper dive into fundamental analysis
Enbridge Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 0.62.
Enbridge Inc [ENB]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Enbridge Inc posted 0.64/share EPS, while the average EPS was predicted by analysts to be reported at 0.66/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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 2.40%.
An analysis of Institutional ownership at Enbridge Inc [ENB]
There are presently around $54.43%, or 54.49%% 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 130.2 million shares, which is approximately 6.124%. 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%.
