
Enbridge (ENB) Stock Forecast & Price Target
Enbridge (ENB) Analyst Ratings
Bulls say
Enbridge's extensive midstream infrastructure, including its Canadian Mainline system and regulated natural gas utilities, positions the company favorably to capitalize on projected energy demands, with the International Energy Agency forecasting a 7% increase in oil demand and a 29% increase in natural gas demand from 2019 to 2040. The firm’s strategy of engaging in joint ventures allows it to diversify its portfolio while efficiently leveraging capital, ensuring the ability to explore a wider array of opportunities across its core franchises. Additionally, the anticipated strengthening of its leverage position towards the midpoint of its range by 2025 reflects a proactive approach to managing debt and optimizing EBITDA post-acquisition, further solidifying its growth potential.
Bears say
Enbridge's financial outlook is hindered by an elevated debt-to-EBITDA ratio of 4.9x as of Q1/25, which, while a slight improvement from 5.0x at the end of 2024, remains above the company's target range of 4.5-5.0x. Additionally, the company's earnings per share (EPS) forecasts for 2025 and 2026 have been revised downward to $2.95 and $3.18, respectively, primarily due to increasing depreciation and interest expenses. This combination of high leverage and declining EPS projections contributes to a negative outlook on the stock.
This aggregate rating is based on analysts' research of Enbridge and is not a guaranteed prediction by Public.com or investment advice.
Enbridge (ENB) Analyst Forecast & Price Prediction
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