CAD55.37
0.78% today
Toronto, Oct 01, 05:59 pm CET
ISIN
CA29250N1050
Symbol
ENB

Enbridge Inc. Target price 2024 - Analyst rating & recommendation

Enbridge Inc. Classifications & Recommendation:

Buy
43%
Hold
48%
Sell
10%

Enbridge Inc. Price Target

Target Price CAD55.35
Price CAD54.94
Potential
Number of Estimates 17
17 Analysts have issued a price target Enbridge Inc. 2025 . The average Enbridge Inc. target price is CAD55.35. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 21 analysts: 9 Analysts recommend Enbridge Inc. to buy, 10 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Enbridge Inc. stock has an average upside potential 2025 of . Most analysts recommend the Enbridge Inc. stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion CAD 42.89 38.37
19.76% 10.53%
EBITDA Margin 30.52% 47.64%
28.57% 56.12%
Net Margin 14.42% 16.40%
176.50% 13.76%

6 Analysts have issued a sales forecast Enbridge Inc. 2024 . The average Enbridge Inc. sales estimate is

CAD38.4b
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. This is
11.67% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD46.1b 6.03%
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, the lowest is
CAD33.9b 21.92%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD42.9b 19.76%
2024
CAD38.4b 10.53%
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2025
CAD34.7b 9.69%
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2026
CAD37.3b 7.51%
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16 Analysts have issued an Enbridge Inc. EBITDA forecast 2024. The average Enbridge Inc. EBITDA estimate is

CAD18.3b
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. This is
31.70% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD18.6b 33.85%
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, the lowest is
CAD18.1b 30.70%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 CAD13.1b 3.17%
2024
CAD18.3b 39.69%
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2025
CAD19.3b 5.63%
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2026
CAD20.1b 3.86%
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2027
CAD20.7b 3.35%
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2028
CAD22.1b 6.79%
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EBITDA Margin

2023 30.52% 28.57%
2024
47.64% 56.12%
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2025
55.72% 16.96%
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2026
53.83% 3.39%
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5 Enbridge Inc. Analysts have issued a net profit forecast 2024. The average Enbridge Inc. net profit estimate is

CAD6.3b
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. This is
11.19% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD6.4b 13.46%
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, the lowest is
CAD6.1b 8.46%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 CAD6.2b 121.88%
2024
CAD6.3b 1.80%
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2025
CAD6.6b 4.35%
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2026
CAD7.1b 7.85%
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Net Margin

2023 14.42% 176.50%
2024
16.40% 13.76%
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2025
18.95% 15.55%
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2026
19.01% 0.32%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share CAD 2.84 2.89
121.88% 1.76%
P/E 19.00
EV/Sales 5.68

5 Analysts have issued a Enbridge Inc. forecast for earnings per share. The average Enbridge Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

CAD2.89
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. This is
11.15% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
CAD2.95 13.46%
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, the lowest is
CAD2.82 8.46%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 CAD2.84 121.88%
2024
CAD2.89 1.76%
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2025
CAD3.02 4.50%
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2026
CAD3.25 7.62%
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P/E ratio

Current 21.11 12.37%
2024
19.00 10.00%
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2025
18.21 4.16%
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2026
16.89 7.25%
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Based on analysts' sales estimates for 2024, the Enbridge Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.02 28.72%
2024
5.68 13.11%
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2025
6.29 10.73%
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2026
5.85 6.98%
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P/S ratio

Current 2.75 36.29%
2024
3.12 13.21%
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2025
3.45 10.73%
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2026
3.21 6.98%
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