Raymond James has revised its price target for Enbridge (ENB, Financial), increasing it from C$67 to C$73, while maintaining an Outperform rating. This move reflects positive expectations for the company's performance in the first quarter, despite a challenging start to the year. The firm's optimism is partly driven by favorable seasonal trends expected to influence the quarterly results.
According to the analysis, external pressures such as tariffs imposed by the Trump administration and OPEC's actions are weighing heavily on equities markets. However, Raymond James highlights that for midstream operations like Enbridge's, key concerns revolve around potential project cost inflation and disruptions in export market demand. Currently, some of these risks are mitigated, offering a buffer for the company.
Furthermore, Raymond James remains optimistic about the prospects in the LNG market, suggesting it presents an opportunity for the U.S. to achieve beneficial outcomes. This outlook supports the increased price target and the continuing Outperform rating for Enbridge (ENB, Financial).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Enbridge Inc (ENB, Financial) is $44.53 with a high estimate of $48.49 and a low estimate of $39.81. The average target implies an downside of 2.43% from the current price of $45.64. More detailed estimate data can be found on the Enbridge Inc (ENB) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Enbridge Inc's (ENB, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Enbridge Inc (ENB, Financial) in one year is $38.52, suggesting a downside of 15.6% from the current price of $45.64. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Enbridge Inc (ENB) Summary page.
