$0.44 EPS Expected for Enbridge Inc. (ENB); Cascades Inc. (TSE:CAS) Had 2 Bulls

January 15, 2018 - By Evgen Dobrzhanskiy

Analysts expect Enbridge Inc. (NYSE:ENB) to report $0.44 EPS on February, 16.They anticipate $0.02 EPS change or 4.76% from last quarter’s $0.42 EPS. ENB’s profit would be $716.75M giving it 22.58 P/E if the $0.44 EPS is correct. After having $0.39 EPS previously, Enbridge Inc.’s analysts see 12.82% EPS growth. The stock increased 0.63% or $0.25 during the last trading session, reaching $39.74. About 2.46M shares traded. Enbridge Inc. (NYSE:ENB) has declined 0.40% since January 15, 2017 and is downtrending. It has underperformed by 17.10% the S&P500.

Among 5 analysts covering Cascades Inc. (TSE:CAS), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Cascades Inc. had 37 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by RBC Capital Markets on Wednesday, April 19 to “Sector Perform”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, September 4. The firm earned “Buy” rating on Wednesday, December 6 by Desjardins Securities. The firm earned “Hold” rating on Thursday, January 14 by TD Securities. The stock of Cascades Inc. (TSE:CAS) has “Outperform” rating given on Tuesday, October 25 by Scotia Capital. TD Securities maintained it with “Buy” rating and $9 target in Monday, August 10 report. The firm has “Buy” rating given on Friday, March 3 by TD Securities. Dundee Securities upgraded the shares of CAS in report on Thursday, November 12 to “Buy” rating. TD Securities maintained it with “Buy” rating and $15.50 target in Thursday, December 8 report. The firm has “Sector Underperform” rating given on Monday, August 22 by RBC Capital Markets. See Cascades Inc. (TSE:CAS) latest ratings:

06/12/2017 Broker: Desjardins Securities Old Rating: Hold New Rating: Buy Old Target: $15.00 New Target: $15.50 Upgrade
05/12/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $18.00 Maintain
10/11/2017 Broker: National Bank Canada Rating: Outperform Old Target: $21.00 New Target: $18.50 Target Down
10/11/2017 Broker: Scotia Capital Rating: Sector Perform Old Target: $16.75 New Target: $18.00 Target Up
10/11/2017 Broker: TD Securities Rating: Hold Old Target: $18.00 New Target: $16.50 Target Down
13/10/2017 Broker: National Bank Canada Rating: Outperform Old Target: $19.00 New Target: $21.00 Target Up
17/08/2017 Broker: Desjardins Securities Rating: Old Target: $17.50 New Target: $16.00 Target Down
17/08/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $17.00 New Target: $16.00 Target Down
17/08/2017 Broker: TD Securities Rating: Hold Old Target: $18.00 New Target: $17.00 Target Down
04/08/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $17.00 Target

Among 15 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Enbridge Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Thursday, September 1. The rating was reinitiated by Citigroup on Wednesday, January 18 with “Neutral”. Wolfe Research maintained Enbridge Inc. (NYSE:ENB) on Monday, May 15 with “Market Perform” rating. The firm earned “Neutral” rating on Wednesday, July 20 by Goldman Sachs. The firm has “Neutral” rating given on Tuesday, March 8 by Credit Suisse. The stock has “Sector Perform” rating by National Bank Canada on Monday, July 18. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 17. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, March 2. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 14. Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) rating on Friday, July 14. Morgan Stanley has “Equal-Weight” rating and $44 target.

Enbridge Inc. engages in energy transportation activities in the United States and Canada. The company has market cap of $64.74 billion. It operates through five divisions: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. It has a 25.09 P/E ratio. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids , and refined products pipelines and terminals.

Cascades Inc., together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company has market cap of $1.35 billion. The firm operates through four divisions: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It has a 3.05 P/E ratio. It makes coated recycled and virgin boxboards, and containerboards, as well as converts corrugated products.

The stock increased 3.20% or $0.44 during the last trading session, reaching $14.19. About 64,219 shares traded. Cascades Inc. (TSE:CAS) has 0.00% since January 15, 2017 and is . It has underperformed by 16.70% the S&P500.

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