Enbridge Inc (TSE:ENB) (NYSE:ENB) – Analysts at National Bank Financial boosted their FY2021 earnings per share estimates for shares of Enbridge in a research report issued to clients and investors on Sunday, March 22nd. National Bank Financial analyst P. Kenny now expects that the company will earn $2.52 per share for the year, up from their prior estimate of $2.51. National Bank Financial currently has a “Outperform” rating and a $56.00 price objective on the stock.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings data on Friday, February 14th. The company reported C$0.61 EPS for the quarter, missing the consensus estimate of C$0.65 by C($0.04). The business had revenue of C$12.35 billion during the quarter, compared to the consensus estimate of C$12.39 billion.

Other research analysts also recently issued reports about the company. Royal Bank of Canada lifted their price target on Enbridge from C$56.00 to C$61.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Citigroup lifted their price target on Enbridge from C$51.00 to C$55.00 in a report on Tuesday, February 4th. US Capital Advisors upgraded Enbridge from a “hold” rating to a “buy” rating in a report on Friday, March 13th. Jefferies Financial Group upgraded Enbridge from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Co lifted their price target on Enbridge from C$56.00 to C$63.00 in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$55.13.

ENB opened at C$40.58 on Wednesday. Enbridge has a 52 week low of C$33.06 and a 52 week high of C$57.32. The stock’s fifty day moving average is C$49.25 and its two-hundred day moving average is C$49.55. The company has a market capitalization of $75.03 billion and a P/E ratio of 15.43. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 94.99.

About Enbridge

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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Earnings History and Estimates for Enbridge (TSE:ENB)

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