Today, an analyst has provided a rating update for the Utilities sector company, Enbridge Income Holdings (TSX: ENF). Analyst Robert Kwan from RBC Capital rated Enbridge Income Holdings (TSX: ENF) a Hold, setting a C$34 price target.
According to TipRanks.com, Kwan is ranked #198 out of 4849 analysts.
Enbridge Income Holdings has an analyst consensus of Moderate Buy, with a price target consensus of C$35.20, implying a 6.9% upside from current levels. In a report issued on August 5, BMO Capital also reiterated a Hold rating on the stock with a C$33 price target.
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Based on Enbridge Income Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$114 million and net profit of C$758 million. In comparison, last year the company earned revenue of C$80 million and had a net profit of C$77 million.
Enbridge Income Fund Holdings, Inc. operates as an close-ended investment fund, which engages in the investment in its fund. The fund’s business comprises of the transportation, storage, and generation of energy. It operates through the following business segments: Liquid Pipelines, Gas Pipelines, and Green Power.
The company’s shares closed on Tuesday at C$32.93, close to its 52-week high of C$33.28.
