Enbridge (ENB) Stock Forecast & Price Target

$42.40 -0.16 (-0.38%)

(As of 09:04 AM ET)

Enbridge - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 4 Analyst Ratings

Sell
0

Hold
4

Buy
0

Based on 4 Wall Street analysts who have issued ratings for Enbridge in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 4 have given a hold rating for ENB.

Consensus Price Target

N/A

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ENB Analyst Ratings Over Time

Type	Current Forecast 11/20/23 to 11/19/24	1 Month Ago 10/21/23 to 10/20/24	3 Months Ago 8/22/23 to 8/21/24	1 Year Ago 11/20/22 to 11/20/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	2 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	N/A	$55.00	$54.50	$55.20
Forecasted Upside	N/A	31.01% Upside	39.74% Upside	63.80% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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ENB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ENB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Enbridge Stock vs. The Competition

Type	Enbridge	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.00	2.62	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	N/A	1,352.28% Upside	9.44% Upside
News Sentiment Rating	Positive News See Recent ENB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/6/2024	Wells Fargo & Company 3 of 5 stars	M. Blum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight
10/25/2024	Morgan Stanley 3 of 5 stars		Initiated Coverage	Equal Weight
9/30/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold
1/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
11/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$60.00 ➝ $55.00	+62.00%
10/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$54.00 ➝ $48.00	+47.28%
10/17/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Peer Perform ➝ Underperform
9/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$52.00 ➝ $51.00	+45.92%
9/11/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Perform
9/11/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$63.00 ➝ $64.00	+88.85%
9/11/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Perform
9/8/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
8/8/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$62.00 ➝ $58.00	+61.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:47 AM ET.

Should I Buy Enbridge Stock? ENB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Enbridge pros and cons to contact@marketbeat.com.

Enbridge
Bull Case

Here are some ways that investors could benefit from investing in Enbridge Inc.:

Enbridge Inc. reported strong quarterly earnings, beating analysts' estimates by $0.13 per share, indicating a positive financial performance.
Enbridge Inc. has a diverse portfolio of assets in the energy sector, providing stability and potential for growth in a crucial industry.
Enbridge Inc.'s stock price has been relatively stable, with a 12-month high of $41.22, suggesting resilience in market fluctuations.
Enbridge Inc. has a healthy return on equity of 10.07%, showcasing efficient utilization of shareholder funds for profitability.
Enbridge Inc. has a significant market capitalization of $86.87 billion, indicating a well-established presence in the market.

Enbridge
Bear Case

Investors should be bearish about investing in Enbridge Inc. for these reasons:

Enbridge Inc. has a debt-to-equity ratio of 1.34, which may raise concerns about the company's financial leverage and risk exposure.
Enbridge Inc.'s current ratio of 0.77 and quick ratio of 0.68 suggest potential liquidity challenges in meeting short-term obligations.
Enbridge Inc.'s P/E ratio of 20.71 and P/E/G ratio of 3.93 may indicate the stock is currently overvalued compared to its growth prospects.
Enbridge Inc. has a beta of 0.94, implying the stock's price is less volatile than the market, potentially limiting short-term trading opportunities.
Enbridge Inc. has a net margin of 13.31%, which while healthy, may face pressure in a competitive market environment affecting profitability.

ENB Forecast - Frequently Asked Questions

: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ENB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ENB, but not buy additional shares or sell existing shares.
: According to analysts, Enbridge's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Enbridge's stock had 1 upgrade and 1 downgrade by analysts.
: Enbridge has been rated by research analysts at Jefferies Financial Group, Morgan Stanley, and Wells Fargo & Company in the past 90 days.
: Analysts like Enbridge less than other "oils/energy" companies. The consensus rating for Enbridge is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ENB compares to other companies.

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This page (NYSE:ENB) was last updated on 11/19/2024 by MarketBeat.com Staff

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Enbridge (ENB) Stock Forecast & Price Target