BMO Capital analyst Benjamin Pham has maintained their neutral stance on ENB stock, giving a Hold rating today.
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Benjamin Pham’s rating is based on a combination of Enbridge’s solid financial performance and prevailing market conditions. The company reported a notable EBITDA beat in Q4/24, showing resilience against U.S. tariff impacts and maintaining its 2025 guidance. However, despite these positive financial indicators, Enbridge’s shares experienced a decline, making it the worst performer in the firm’s coverage universe for the day.
There appears to be no clear fundamental reason for the decline, but the negative sentiment could be attributed to broader concerns over U.S. tariff uncertainty affecting Canadian energy stocks. Furthermore, while Enbridge continues to offer an attractive dividend yield and robust growth prospects, the shares are perceived as fairly valued at the moment. This combination of factors has led Benjamin Pham to maintain a Hold rating, reflecting a balanced view of the company’s current valuation and growth potential.
According to TipRanks, Pham is a 5-star analyst with an average return of 6.6% and a 63.57% success rate. Pham covers the Utilities sector, focusing on stocks such as TransAlta, Algonquin Power & Utilities, and Fortis.
In another report released today, Barclays also maintained a Hold rating on the stock with a C$64.00 price target.