Enbridge Income Holdings (TSX: ENF), the Utilities sector company, has received a rating update from a Wall Street analyst on August 3. TD Securities’ analyst Linda Ezergailis reiterates their Buy rating on the shares, with a C$38 price target.
Ezergailis has an average return of 1.4% when recommending Enbridge Income Holdings.
According to TipRanks.com, Ezergailis is ranked #3629 out of 4848 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enbridge Income Holdings with a C$36.50 average price target, an 11.5% upside from current levels. In a report issued on August 1, CIBC also reiterated a Buy rating on the stock with a C$39 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 Friday at C$32.73, close to its 52-week high of C$33.05.
