Enbridge Inc. (ENB)
NYSE: ENB · IEX Real-Time Price · USD
35.86
-0.41 (-1.12%)
Apr 26, 2024, 3:41 PM EDT - Market open
Enbridge Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Enbridge stock have an average target of 56.83, with a low estimate of 48 and a high estimate of 64. The average target predicts an increase of 58.50% from the current stock price of 35.86.
Analyst Consensus: Buy
* Price targets were last updated on Oct 18, 2023.
Analyst Ratings
The average analyst rating for Enbridge stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $54 → $48 | Hold | Maintains | $54 → $48 | +33.87% | Oct 18, 2023 |
| Wolfe Research | Wolfe Research | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | Oct 17, 2023 |
| National Bank Financial Inc | National Bank Financial Inc | Hold Maintains $55 → $53 | Hold | Maintains | $55 → $53 | +47.82% | Sep 12, 2023 |
| CIBC | CIBC | Buy Maintains $63 → $64 | Buy | Maintains | $63 → $64 | +78.50% | Sep 11, 2023 |
| TD Securities | TD Securities | Strong Buy Maintains $62 → $58 | Strong Buy | Maintains | $62 → $58 | +61.76% | Aug 8, 2023 |
Financial Forecast
Revenue This Year
46.02B
from 43.65B
Increased by 5.42%
Revenue Next Year
48.12B
from 46.02B
Increased by 4.56%
EPS This Year
2.85
from 2.84
Increased by 0.51%
EPS Next Year
3.00
from 2.85
Increased by 4.98%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 50.1B | 53.1B | 56.9B | 59.9B |
| Avg | 46.0B | 48.1B | 49.6B | 57.6B |
| Low | 40.8B | 42.0B | 42.5B | 55.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 14.7% | 15.4% | 18.3% | 20.8% |
| Avg | 5.4% | 4.6% | 3.1% | 16.2% |
| Low | -6.5% | -8.8% | -11.7% | 12.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.21 | 3.32 | 4.15 | 4.01 | 3.69 |
| Avg | 2.85 | 3.00 | 3.30 | 3.61 | 3.55 |
| Low | 2.50 | 2.69 | 2.84 | 3.26 | 3.44 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.1% | 16.2% | 38.4% | 21.5% | 2.2% |
| Avg | 0.5% | 5.0% | 10.2% | 9.2% | -1.7% |
| Low | -12.0% | -5.9% | -5.2% | -1.5% | -4.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.