Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at Raymond James cut their FY2022 earnings estimates for Enbridge in a report released on Monday, April 19th. Raymond James analyst C. Cox now expects that the company will post earnings per share of $3.18 for the year, down from their previous forecast of $3.34. Raymond James has a “Outperform” rating and a $53.00 price objective on the stock.
A number of other research analysts also recently commented on the stock. Tudor Pickering reissued a “buy” rating and set a C$51.00 target price on shares of Enbridge in a research report on Tuesday, March 23rd. Credit Suisse Group raised their target price on shares of Enbridge from C$48.00 to C$50.00 in a research report on Friday, January 29th. CSFB set a C$50.00 target price on shares of Enbridge and gave the company a “neutral” rating in a research report on Thursday, April 8th. Royal Bank of Canada reissued an “outperform” rating and set a C$52.00 target price on shares of Enbridge in a research report on Tuesday, April 6th. Finally, Tudor Pickering & Holt set a C$51.00 target price on shares of Enbridge and gave the company a “buy” rating in a research report on Tuesday, March 23rd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Enbridge has a consensus rating of “Buy” and a consensus price target of C$51.36.
Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data on Friday, February 12th. The company reported C$0.56 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.60 by C($0.04). The company had revenue of C$10.01 billion for the quarter.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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